ISLAMABAD: The Pakistan Stock Exchange (PSX) rebounded on Tuesday following a sharp decline of over 2,000 points in the previous session, with the benchmark KSE-100 index closing 193.55 points higher, or 0.17%, at 116,633.16.
Buying was observed in key sectors including automobile assemblers, oil and gas exploration companies, OMCs, and power generation. Index-heavy stocks HUBCO, PSO, SNGPL, SSGC, MARI, OGDC, and PPL settled in the green.
On Tuesday a total of 268,098,907 shares were entertained as compared to 311,970,520 shares on the last working day, whereas the price of shares stood at Rs 19.455 billion against Rs 20.953 billion on the previous trading day.
As many as 436 companies transacted their shares in the stock market, 155 of them registered gains, and 214 met losses, whereas the share price of 67 companies remained unchanged.
The three top trading companies were Pak Elektron with 23,534,658 shares at Rs 45.90 per share followed by TRG Pak Limited with 22,825,615 shares at Rs 66.14 per share whereas Cnergyico PK settled with 14,454,846 shares at Rs 7.94 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs 23.50 per share closing at Rs 23,549,00 whereas Indus Motors Company Limited was the runner-up with Rs 18.77 rise in its share price to close at Rs 2,060.00.
Rafhan Maize Products Company Limited witnessed a maximum decline of Rs 91.06 per share price, closing at Rs 9,066.01, whereas the runner-up was Services Industries Limited with a fall of Rs 25.45 in its per share price to Rs 1,292.98.
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On Monday, the PSX faced massive selling pressure and fell by more than 2,000 points. Analysts linked the drop to concerns surrounding the International Monetary Fund (IMF) loan.
Meanwhile, Asian stocks saw an uptick on Tuesday, driven by positive sentiment from Wall Street, as expectations of US tariffs being less severe than anticipated helped lift risk appetite.
The dollar remained near three-week highs, buoyed by strong economic data that provided some reassurance.
Investors have been closely monitoring the potential reciprocal tariffs promised by US President Donald Trump, as concerns over the trade war’s impact on the global economy continue to weigh on market sentiment.
