ISLAMABAD: Positive sentiment returned to the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index gaining over 1,200 points as sustained buying activity lifted market confidence.
Buying momentum continued throughout the day, pushing the index to an intraday high of 139,901.77
At close, the benchmark index settled at 139,419.61, showing an increase of 1,202.03 points or 0.87%.
On Tuesday, a total of 629,032,405 shares were traded during the day as compared to 608,186,190 shares the previous trading day, whereas the price of shares stood at PKR 34.675 billion against PKR 23.523 billion on the last trading day.
As many as 477 companies transacted their shares in the stock market, 268 of them recorded gains and 177 met losses, whereas the share price of 32 companies remained unchanged.
The Pakistan Stock Exchange (PSX) observed a volatile session on Monday with the benchmark KSE-100 Index swinging on both sides before settling with a loss of nearly 400 points.
The market opened positively, pushing the benchmark index to an intraday high of 139,201.15. However, profit-taking emerged later in the session, pulling the KSE-100 down to an intraday low of 138,149.56.
Last week, the Pakistan Stock Exchange (PSX) closed at a historic high, driven by investors’ optimism, strong macroeconomic indicators, and expectations of solid corporate earnings.
Asian stock markets held steady near a four-year high on Tuesday, supported by a record close on Wall Street ahead of a busy corporate earnings season.
Investors also closely monitored ongoing tariff talks between the United States and its trading partners.
In Japan, shares saw an early boost but settled into modest gains. Bond markets showed little movement, as the recent election results were largely anticipated and not as negative as some had feared.
The yen, which had rallied 1% on Monday to recover recent losses, remained stable around 147.46 per dollar on Tuesday.
MSCI’s broadest index of Asia-Pacific shares outside Japan reached its highest point since October 2021 during early trading, but later flattened out. The index has gained nearly 16% so far this year.
