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Bulls return as PSX surges over 1,500 points

Investors returned to buying mode, signalling a turnaround after recent corrective sessions.

The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Tuesday, marking a clear reversal after recent corrective sessions as investors returned to buying mode. The benchmark KSE-100 index recovered sharply to finish near the 184,000 level, advancing by 1,567.36 points, or 0.86%, to close at 183,951.51.

Trading opened on a cautious note, with the index edging up briefly before coming under selling pressure. Profit-taking pushed the benchmark down to an intra-day low of 180,589.95, keeping market sentiment mixed during the early hours.

Momentum improved in the latter half of the session as buying interest strengthened across the board. The index then moved steadily higher, touching an intra-day high of 184,304.87, before settling slightly lower by the close.

KTrade Securities mentioned that PSX staged a strong rebound, with the KSE-100 index closing at 183,951, up 1,567 points (+0.86% DoD), marking a clear reversal after recent corrective sessions. Early-session selling pressure was effectively absorbed by retail and selective institutional buying, allowing momentum to build decisively in the second half.

The index traded within a range, hitting an intra-day low near 180,589 and a high of 184,304, while volumes were clocked at 437 million shares. Sector-wise, the rally was broad-based, led overwhelmingly by commercial banks, which contributed most points to the index.

Support also came from oil & gas, cement, and technology stocks, reinforcing the strength of the move. On a stock-level, United Bank, National Bank, MCB Bank, Lucky Cement, Meezan Bank, Pakistan Telecommunication, Oil and Gas Development Company, and Pakistan Petroleum were the major point-gainers.

Momentum is expected to continue, subject to developments on the geopolitical front, particularly Iran–US tensions. Barring any external shocks, the outlook for PSX remains positive, with dips likely to be viewed as buying opportunities, KTrade predicted.

Overall trading volume decreased to 1.03 billion from Monday’s tally of 1.05 billion. Value of traded shares stood at Rs62.7 billion. Shares of 480 companies were traded. Of these, 177 closed higher, 265 fell, and 38 remained unchanged. The Bank of Punjab stood as volume leader with trading in 73.9 million shares, gaining Rs0.3 to close at Rs41.65.



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