In a dramatic rebound, the Pakistan Stock Exchange (PSX) surged over 4,600 points on Wednesday, marking its highest-ever single-day gain. This recovery comes just a day after the market experienced a significant sell-off due to political unrest.

The remarkable turnaround was driven by the resolution of street confrontations between PTI protestors and law enforcement agencies in Islamabad, following a comprehensive operation by the authorities.

The benchmark KSE-100 index initially climbed 3,275.22 points, or 3.46%, reaching 97,849.38 points from the previous close of 94,574.16 at 9:43 am. By 1 pm, the index had increased by 3,702.62 points to stand at 98,276.78 points.

By the end of the trading session, the index had surged 4,695.09 points, or 4.96%, closing at 99,269.25, just shy of the 100,000 milestone.

Mohammed Sohail, Chief Executive of Topline Securities, commented on the recovery, stating that the stock market was rebounding as concerns over PTI’s protests subsided. He noted, “The KSE-100 Index rebounds sharply, jumping 4,695 points (4.96%) to close at 99,269 — marking the highest single-day rise, just a day after its largest drop.”

The Pakistan Stock Exchange saw a surge in buying activity, with the index-heavy banking sector spearheading the rally. Other sectors, such as automobile assemblers, oil and gas exploration companies, oil marketing companies (OMCs), and power generation, also contributed to the upward momentum.

Major stocks, including HBL, NBP, MCB, OGDC, SSGC, and HUBCO, traded positively. The buying interest persisted into the final minutes of trading, indicating that the bullish trend is likely to continue.

Top Volumes:

SCRIP	PRICE	HIGH	LOW	CHANGE	VOLUME
BOP	7.85	7.85	7.05	1.0	114,966,225
HASCOL	12.78	14.79	12.23	-1.0	106,286,630
KEL	5.22	5.26	4.83	0.5	91,200,956
FFL	12.83	12.94	12.01	0.96	54,248,949
BML	2.77	2.79	2.1	0.58	37,218,539
PACE	6.34	6.4	5.96	0.53	35,016,136
SSGC	24.88	24.88	23.5	2.26	30,887,483