Benchmark index crosses 170,000 mark amid renewed investor confidence
Image: Reuters
The Pakistan Stock Exchange (PSX) staged a strong recovery on Tuesday, with investors returning to the market after the previous session’s volatility. Improved sentiment and a calmer geopolitical environment encouraged broad-based buying from the opening bell.
The benchmark KSE-100 Index gained 1,621 points, or 0.96%, to trade at 170,574.78 by early afternoon. During the session, the index crossed the 170,000-point level and touched an intraday high of 171,022.94.
Although some early gains were trimmed as investors booked profits, the market remained firmly in positive territory throughout the morning. Continued buying interest across key sectors helped absorb selling pressure and maintained the upward momentum.
Strong liquidity supported the rally, with trading volumes reaching 138.7 million shares and the value of traded stocks climbing to Rs11.85 billion. Market participants viewed the session as a sign of renewed confidence, with steady demand helping the benchmark index hold on to most of its gains.
