HomeBusinessBulls return as PSX...

Bulls return as PSX surges over 1,500 points

Investors returned to buying mode, signalling a turnaround after recent corrective sessions.

The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Tuesday, marking a clear reversal after recent corrective sessions as investors returned to buying mode. The benchmark KSE-100 index recovered sharply to finish near the 184,000 level, advancing by 1,567.36 points, or 0.86%, to close at 183,951.51.

Trading opened on a cautious note, with the index edging up briefly before coming under selling pressure. Profit-taking pushed the benchmark down to an intra-day low of 180,589.95, keeping market sentiment mixed during the early hours.

Momentum improved in the latter half of the session as buying interest strengthened across the board. The index then moved steadily higher, touching an intra-day high of 184,304.87, before settling slightly lower by the close.

KTrade Securities mentioned that PSX staged a strong rebound, with the KSE-100 index closing at 183,951, up 1,567 points (+0.86% DoD), marking a clear reversal after recent corrective sessions. Early-session selling pressure was effectively absorbed by retail and selective institutional buying, allowing momentum to build decisively in the second half.

The index traded within a range, hitting an intra-day low near 180,589 and a high of 184,304, while volumes were clocked at 437 million shares. Sector-wise, the rally was broad-based, led overwhelmingly by commercial banks, which contributed most points to the index.

Support also came from oil & gas, cement, and technology stocks, reinforcing the strength of the move. On a stock-level, United Bank, National Bank, MCB Bank, Lucky Cement, Meezan Bank, Pakistan Telecommunication, Oil and Gas Development Company, and Pakistan Petroleum were the major point-gainers.

Momentum is expected to continue, subject to developments on the geopolitical front, particularly Iran–US tensions. Barring any external shocks, the outlook for PSX remains positive, with dips likely to be viewed as buying opportunities, KTrade predicted.

Overall trading volume decreased to 1.03 billion from Monday’s tally of 1.05 billion. Value of traded shares stood at Rs62.7 billion. Shares of 480 companies were traded. Of these, 177 closed higher, 265 fell, and 38 remained unchanged. The Bank of Punjab stood as volume leader with trading in 73.9 million shares, gaining Rs0.3 to close at Rs41.65.



Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

2026 is the ‘year of execution’ amid turnaround plan

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy,...

UK secures record supply of offshore wind but price rises

Mark Poynting,Climate researcherandJustin Rowlatt,Climate editorGetty ImagesThe UK has awarded contracts to...

- A word from our sponsors -

spot_img

Read Now

2026 is the ‘year of execution’ amid turnaround plan

Stellantis CEO Antonio Filosa speaks during an event in Turin, Italy, Nov. 25, 2025.Daniele Mascolo | ReutersDETROIT — Stellantis CEO Antonio Filosa views 2026 as an execution year for the embattled maker of Jeep, Ram and Dodge vehicles in the U.S. after years of market share declines.Filosa...

UK secures record supply of offshore wind but price rises

Mark Poynting,Climate researcherandJustin Rowlatt,Climate editorGetty ImagesThe UK has awarded contracts to build a record amount of offshore wind as part of its efforts to grow the country's clean electricity.The projects span England, Scotland and Wales, including part of what could become the world's largest offshore wind farm,...

Actor Timothy Busfield turns himself in following child sex abuse allegations in New Mexico

Timothy Busfield turned himself into police on Tuesday after authorities in New Mexico issued an arrest warrant for the director and Emmy Award-winning actor accused of child sex abuse.A spokesperson for the Albuquerque Police Department confirmed to CBS News that Busfield had surrendered....

The surprising difference between a sprained ankle and a twisted ankle

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines...

Complete iPhone and Android privacy protection guide for mobile security

NEWYou can now listen to Fox News articles! Protecting your privacy doesn’t require advanced tools or technical expertise. Some of the most effective protections are already built into your phone; you just need to know where to look.These five privacy tips show you exactly how...

Glen Powell attends Golden Globes afterparty with beau Michelle Randolph

Glen Powell and Michelle Randolph gave their romance a quietly public moment following the 2026 Golden Globes, stepping out...

Electricity tariff to go down by 93 paisas

The federal government slashed electricity prices by 93 paisa under the head of fuel adjustment charges (FCA) with effect from November 2025, but kept the basic tariff unchanged. According to details, the...

This is the easiest way to remove stickers from glass bottles — a simple hack that works in seconds! |

Yes, you read that right! For most of us, removing stickers from glass bottles is often irritating, messy and a tedious task. And let’s just not talk about how much time the process consumes. But even after so much time and effort, there’s no guarantee...

Fossils found in cave shed light on where our species emerged, traced to when Earth’s magnetic field flipped

Where did our species first emerge? Fossils discovered in Morocco dating back more than 773,000 years bolster the theory that Homo sapiens originally appeared in Africa, scientists said in a study Wednesday.The oldest Homo sapien fossils, dating from over 300,000 years ago, were...