PSX bounces back as bulls drive over 800-point surge

Bulls made a comeback to the Pakistan Stock Exchange (PSX) on Tuesday, reversing the previous session’s losses as buying lifted the benchmark KSE-100 Index by over 800 points at the close. 

According to the PSX website, the market opened on a bullish note, with the KSE-100 surging to 151,503.46, with an increase of 2,324.8 points in the early trade. Investor sentiment also drew support from external sector data, as Pakistan recorded a current account surplus of $427 million in February 2026, according to the State Bank of Pakistan.

Officials said the surplus reflected strong remittance inflows, improved export performance, and controlled import growth.

Gains were observed across major sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration, oil marketing companies, power generation and refineries. Index-heavy stocks such as ARL, HUBCO, MARI, OGDC, PPL, PSO, SNGPL, HBL, MEBL, MCB and UBL traded in positive territory.

At the end of the session, the index settled at 150,016.16, up by 837.50 points, or 0.56% from the previous close of 149,178.66.

The recovery followed a sharp decline in the previous session, when the KSE-100 Index fell by 4,687.51 points or 3.05% to close at 149,178.66 points amid concerns over global oil price volatility and geopolitical uncertainty.

Global markets also showed signs of recovery, with Asian equities rising in early trading on Tuesday.

MSCI’s Asia-Pacific index excluding Japan gained 0.9%, led by a 2.4% increase in South Korea’s Kospi, while Japan’s Nikkei 225 rose 0.3%. S&P 500 futures were down 0.3%.

On Wall Street, the S&P 500 rose 1% on Monday, ending a four-day losing streak, although the index remains below levels recorded before the recent escalation in the Middle East conflict.