Heavy buying in key sectors lifts the market as investors look beyond renewed Hormuz-related tensions.
Image: Reuters
The Pakistan Stock Exchange (PSX) staged a strong recovery, with the KSE-100 Index gaining more than 1,260 points. Investor confidence improved despite fresh tensions linked to the Strait of Hormuz.
Heavy buying in major sectors supported the market’s rebound. Banking, energy, and other blue-chip stocks led the gains.
Market participants largely looked past geopolitical concerns during trading. Positive sentiment helped drive broad-based buying across the exchange.
Analysts said the recovery reflected renewed investor confidence and strong interest in heavyweight stocks. The market ended the session with solid gains after recent volatility.
