Pakistani equities witnessed a powerful recovery on Tuesday as investor confidence returned, pushing the benchmark index sharply higher after the previous session’s volatility.
The Pakistan Stock Exchange (PSX) benchmark KSE-100 Index surged by 5,159 points, marking a gain of 3.39 percent, to settle at 157,132 points compared to the prior close of 151,972 points.
During intraday trading, the market rallied aggressively, with the index climbing as much as 6,245 points to hit a high of 158,217 before trimming some gains and stabilizing around the 157,000 mark by the close.
Trading activity remained robust, with nearly 429.9 million shares changing hands. The total value of traded shares stood at Rs. 38 billion at the end of the session.
Out of 567 companies that participated in trading, 213 closed in positive territory while 228 posted losses. Meanwhile, 126 stocks ended the day unchanged, reflecting a mixed but improved market breadth compared to the previous session.
Among the most actively traded stocks were K-Electric (KEL), WorldCall Telecom (WTL), Pak Elektron Limited (PAEL), Unity Foods (UNITY), Bank of Punjab (BOP), Cnergyico (CNERGY), and Telecard Limited (TELE), which collectively accounted for a significant share of total volumes.
