PSX Gains Over 2,000 Points as Market Recovers in Intraday Trading
The Pakistan Stock Exchange (PSX) witnessed a strong recovery on Tuesday as the benchmark KSE-100 Index surged by more than 2,000 points during intraday trading.
The index rose by 2,161.14 points, or 1.26%, reaching 174,357.84 at 11:54 am compared to the previous close of 172,196.70 points.
Trading opened on a positive note, with the market briefly climbing by over 3,100 points before stabilizing while remaining in positive territory throughout the session.
Market sentiment improved following confirmation from the State Bank of Pakistan that it received a $1 billion inflow from Saudi Arabia as part of a $3 billion deposit support package. This development helped restore investor confidence after recent volatility.
On the previous trading day, the market had dropped by more than 1,700 points amid concerns over global geopolitical tensions and their potential impact on the economy.
Investors are also closely watching developments related to potential diplomatic discussions involving the United States and Iran, which continue to influence regional market sentiment.
Analysts say the PSX is likely to remain responsive to economic updates, external financial inflows, and geopolitical developments in the coming days, with trading expected to stay volatile but active.
