KARACHI – The Pakistan Stock Exchange (PSX) kicked off Tuesday on a high note, with the main KSE-100 index jumping by 2.3% during early trading.
The index surged by 2,769 points, reaching a record-breaking high of 120,067 points. This marks a major rebound for the stock market, driven by a wave of investor confidence following the announcement of a ceasefire between Pakistan and India.
As of now, the index is at 117,841 points, up by 543 points (0.46%) from the previous close. The day’s trading has seen a high of 120,067 and a low of 116,859, with over 50 million shares exchanged so far.
Other factors behind the market’s rally include signs of upcoming economic reforms, improved financial indicators, and a generally positive outlook on Pakistan’s economy.
Key sectors such as banking, cement, and energy are leading the charge, showing strong gains. If this momentum continues, the market could see a bullish trend for the rest of the week.