The Pakistan Stock Exchange (PSX) on Tuesday, rebounded from Monday’s downtrend as the benchmark index rose 1,900 points.
At close, the benchmark index settled at 148,743.31, an increase of 1,900.3 points or 1.29%.
Buying activity was seen across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refineries. Heavyweight stocks such as ARL, HUBO, MARI, POL, PSO, SNGPL, SSGC, and WAFI closed in positive territory.
On Monday, the Pakistan Stock Exchange (PSX) faced strong selling pressure, marking a fourth consecutive Monday of losses. Geopolitical tensions over the weekend and cautious investor participation weighed on the market. The KSE-100 Index ended at 146,842.97 points, down 4,864.54 points, or 3.21%.
In Asian trading on Tuesday, oil prices reversed earlier gains after a report indicated that US President Donald Trump told aides he is willing to end the Iran conflict without reopening the Strait of Hormuz.
Brent crude futures for May fell $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT, after rising 2% earlier in the session. With the May contract expiring Tuesday, the more active June contract stood at $105.76.
