ISLAMABAD: Pakistan’s stock market witnessed a strong rebound on Tuesday, with the benchmark KSE-100 Index surging by more than 3,700 points in early trading, as investor confidence returned following positive developments in US–Iran negotiations facilitated by Pakistan.
After a sharp downturn in the previous session, the Pakistan Stock Exchange (PSX) opened on a bullish note, reflecting renewed buying interest across key sectors. By around 9:35am, the KSE-100 Index had reached 164,322 points, marking an increase of 3,730 points, or 2.32 percent.
Market activity remained robust, with gains recorded in major sectors including automobiles, cement, commercial banking, fertiliser, oil and gas exploration, oil marketing companies, power generation and refineries.
Notable gains
Leading stocks such as Habib Bank Limited (HBL), MCB Bank, Meezan Bank, Mari Petroleum, Oil and Gas Development Company (OGDC), Pakistan Oilfields, Pakistan Petroleum, Pakistan State Oil (PSO), Hub Power Company (Hubco), Pakistan Refinery and Attock Refinery all posted notable gains.
The rally follows a steep decline on Monday, when the index dropped by 6,600 points to close at 160,591, largely due to uncertainty surrounding the ongoing US–Iran talks.
Analysts linked Tuesday’s recovery to improving sentiment after diplomatic engagement helped ease concerns about regional tensions. Global markets also showed a positive trend, with Asian equities rising while oil prices and safe-haven currencies declined, signalling reduced risk perception among investors.
Market participants say continued progress in diplomacy could further stabilise financial markets in the coming days.
