The Pakistan Stock Exchange (PSX) started Tuesday’s session on a bullish note, with the benchmark KSE-100 Index rallying strongly in early trade. By 10:55 am, the index stood at 158,734.28 points, marking a sharp gain of 1,179.62 points or 0.75%.
The upward momentum was driven by active buying in key sectors, including automobile, cement, commercial banks, oil and gas exploration, oil marketing companies (OMCs), and power generation. Market-heavyweights such as HUBCO, MARI, OGDC, POL, PPL, PSO, MCB, MEBL, and UBL all traded in positive territory, providing strong support to the index.
The rebound comes a day after the market closed lower, as profit-taking pulled the index down by 482.71 points (0.31%) on Monday, ending the session at 157,554.66 points.
On the trade front, Pakistan is seeking unilateral tariff concessions from China on nearly 700 items under the ongoing negotiations for the third phase of the China-Pakistan Free Trade Agreement (CPFTA). The Ministry of Commerce noted that while exports to China have increased under the second phase, Pakistan’s preferential market share has weakened due to Beijing’s FTAs with other countries.
Globally, Asian stock markets also showed strength on Tuesday, fueled by optimism in the AI-driven tech rally. Wall Street touched fresh highs as Nvidia pledged a $100 billion investment in OpenAI, with the first data center equipment expected by 2026. The surge in technology shares boosted momentum funds and option traders, while gold prices continued their climb, hitting a record $3,755.47 per ounce, nearly 9% higher this month.
Asian markets reflected the positive sentiment: South Korea rose 0.2% after a 9% monthly surge, Taiwan advanced almost 7%, and Japan’s Nikkei—despite being closed for a holiday—remains up 6.5% this month. The MSCI Asia-Pacific index (ex-Japan) also gained 0.3%, extending its monthly rise to 5.5%.
KSE-100 Jumps Nearly 1,200 Points as PSX Opens on Strong Buying Momentum
