KSE-100 index surges over 2,000 points as investor confidence rebounds

KARACHI: Pakistan’s benchmark KSE-100 index posted a significant recovery on Wednesday, climbing more than 2,000 points by 10:55am as market sentiment improved.

According to data, the index rose 1.33 percent from its previous close of 156,177.12 points, reaching 158,382.00 points during early trading hours. The rally was primarily driven by renewed investor confidence following a notable decline in global oil prices.

Among the most actively traded stocks, K-Electric Limited led the volume charts with 21,973,154 shares changing hands, although its share price dipped by 1.16 percent to Rs7.64. The Bank of Punjab followed, gaining 3.70 percent to reach Rs28.29 with 13,454,195 shares traded. Cnergyico PK Limited also saw positive movement, edging up 1.73 percent to Rs7.04 on a volume of 13,380,075 shares.

The positive momentum in the local market was attributed to a sharp pullback in global oil prices. On Tuesday, oil prices plunged around 15 percent after briefly touching their highest levels since 2022 a day earlier. The drop came after United States President Donald Trump indicated that the ongoing conflict with Iran could conclude soon, which helped ease concerns about possible disruptions to global energy supplies.

Market optimism had already begun to surface during Tuesday’s session, when the index started to recover. The latest surge reflects the impact of international developments on local investor sentiment and trading activity.