After a dip in the previous session, positive momentum returned to the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index surging by nearly 1,600 points during intraday trading.
By 12:45 PM, the KSE-100 Index stood at 139,836.63, marking a gain of 1,619.05 points or 1.17%.
Strong buying interest was seen across major sectors such as commercial banks, cement, oil and gas exploration, oil marketing companies (OMCs), power generation, and refineries. Prominent index contributors including MARI, OGDC, PPL, POL, PSO, SNGPL, HUBCO, MCB, and MEBL were trading in positive territory.
On Monday, the PSX had kicked off the week on a choppy note, with the market retreating due to investor profit-taking ahead of the month’s close, following a strong upward rally in recent sessions.
The KSE-100 Index had dropped by 379.78 points (0.27%), closing at 138,217.58.