The Pakistan Stock Exchange rallied in Tuesday’s session, with the benchmark KSE-100 index gaining more than 1,300 points from Monday’s close of 163,038 and touching an intraday high of 164,368, according to market reporting and live index data. The rebound extends Monday’s late recovery and comes a day after the State Bank raised its policy rate to 12%.
Easing global oil prices supported sentiment, with Brent crude slipping below $115 a barrel on hopes of de-escalation in the Middle East, even as Houthi attacks on Saudi targets continued to keep traders cautious. Asian markets also firmed on Tuesday, led by technology shares after Anthropic’s eagerly awaited IPO filing lifted risk appetite ahead of big technology earnings.
For investors, the session shows how quickly mood can swing on a mix of domestic policy clarity and global cues. The market remains well below its recent highs, and with the US Federal Reserve meeting under way, volatility is likely to stay elevated through the week.
Sources: Profit (Pakistan Today), PSX market data. Written in our own words for information only.