KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Tuesday as the benchmark KSE-100 Index surged by more than 4,000 points in early trading, reclaiming the 156,000-point level.
At the start of the second trading day of the business week, bullish momentum dominated the market, pushing the KSE-100 Index up to 156,106 points. The rally comes a day after the market experienced a sharp decline, with the index closing at 151,972 points — down more than 16,000 points in the previous session.
Market analysts attributed the recovery to renewed investor confidence and aggressive buying across key sectors.
Meanwhile, other Asian markets showed a mixed trend. According to reports, Japan’s stock market opened 327 points lower. South Korea’s benchmark index fell by 1.26 percent, while Hong Kong’s Hang Seng Index declined by 2 percent during early trading.
In the currency market, the Pakistani rupee recorded a marginal gain against the US dollar in the interbank market. The dollar slipped by one paisa, easing from Rs279.46 to Rs279.45.
