PSX rebounds as KSE-100 rises more than 1,600 points in intraday trade

KARACHI: The Pakistan Stock Exchange staged a strong recovery during Tuesday’s session, with the benchmark KSE-100 Index climbing sharply after volatility in the previous trading day.

According to market activity reported by Express Tribune, investor sentiment improved as trading opened, helped by a calmer geopolitical environment. Buying interest was seen from the start of the session, lifting the benchmark index well into positive territory.

By 1:44pm, the KSE-100 Index was recorded at 170,574.78, up 1,621.08 points, or 0.96%. During the session, the index also crossed the 170,000 level and touched an intraday high of 171,022.94.

An hourly review of trading from 9:34am to 12:49pm showed that some of the early advance was pared as investors booked profits after the initial jump. Even so, the market remained in the green through the morning, indicating that buying interest continued to absorb selling pressure.

The benchmark index managed to retain most of its gains despite the easing in momentum, reflecting sustained confidence among investors and support across major sectors.

Market activity was also supported by strong liquidity. Overall trading volume reached 138.7 million shares, while the total value of traded shares stood at Rs11.85 billion, with the market remaining actively open.

The rebound followed a weaker session a day earlier, when the market had come under pressure amid geopolitical concerns, according to the same report.