Karachi: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Tuesday, with the benchmark KSE-100 index surging by over 1,000 points amid renewed investor confidence driven by regional stability and encouraging economic signals.
The index opened on a high note, gaining 2,769 points early in the session to reach 120,067.12, up from the previous close of 117,297.73. However, some correction followed, and by the closing bell, the index settled at 118,575.88 — up 1.09% or 1,278.15 points.
Tuesday’s rally comes on the heels of a historic 9% gain recorded a day earlier, spurred by a ceasefire agreement between India and Pakistan. The diplomatic breakthrough, brokered by U.S. President Donald Trump, helped ease geopolitical tensions that had gripped the region over the past week.
Market analysts attribute the positive momentum to a mix of political and economic developments.
Awais Ashraf, Director of Research at AKD Securities, noted that investor confidence was initially restored by the ceasefire, but further buoyed by Trump’s commitment to fostering trade with both India and Pakistan.
He also pointed to a potential Rs1.5 trillion injection into the energy sector tied to circular debt resolution, which has sparked interest in energy stocks.
Yousuf M. Farooq of Chase Securities added that improved macroeconomic indicators, lower interest rates, and expectations of reduced super tax were encouraging investors and hinting at stronger corporate earnings ahead
