The Pakistan Stock Exchange (PSX) witnessed a robust rally on Tuesday, with the benchmark KSE-100 index climbing over 1,200 points during intraday trading, extending the market's positive momentum. Broad-based buying across heavyweight sectors fueled the surge, reflecting strong investor confidence.
Index Performance and Key Levels
At 1:24 pm, the KSE-100 index stood at 179,488.55, up 1,073.76 points or 0.60% from the previous close. During the session, the index touched an intraday high of 180,116.89 and a low of 179,020.10, indicating volatile but upward movement.
Sectoral Buying and Key Stocks
Buying was witnessed in key sectors, including automobile assemblers, cement, commercial banks, oil marketing companies, oil and gas exploration companies, power generation, and refineries. Index-heavy stocks traded in the green, supporting the market's upward trajectory.
Early Session Momentum
Earlier in the session, the market opened on a positive note. At 9:34 am, the KSE-100 index was at 179,524.96, up 1,110.17 points or 0.62%, reflecting strong investor sentiment from the outset. Trading activity remained healthy, with 108.99 million shares changing hands by early afternoon as investors continued to accumulate equities.
Regional and Global Context
In the regional scene, Asian stocks surged at the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise. The positive regional sentiment may have contributed to the local market's buoyancy.
Trading is currently underway as the market continues to show strength.
