Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express
KARACHI:
Investor sentiment turned noticeably positive during Tuesday’s session, with the Pakistan Stock Exchange (PSX) staging a strong rebound after volatility a day ago.
Encouraged by a calmer geopolitical backdrop, market participants actively accumulated stocks from the opening bell, pushing the benchmark index sharply higher.Â
As of 1:44pm, the benchmark KSE-100 Index was trading at 170,574.78 with a substantial gain of 1,621.08 points, or 0.96%.
While some early gains were trimmed as the session progressed, the market remained comfortably in the green throughout the morning, reflecting continued buying support rather than short-lived speculative activity.Â
An hourly review of market activity from 9:34am to 12:49pm shows the Index gradually surrendering a portion of its early gains as investors engaged in profit-taking following the strong opening surge.
Read:Â PSX falls 1,525 points amid geopolitical jitters
Despite the moderation in momentum, the index remained firmly in positive territory throughout the period, indicating that buying interest continued to absorb selling pressure.
The ability of the market to hold onto most of its advance reflected sustained investor confidence and broad-based support across key sectors.
The benchmark Index crossed the 170,000 baseline to hit an intra-day high of 171,022.94.
Strong market liquidity backed the rally, with overall trading volumes hitting 138.7 million shares and total traded value reaching Rs11. 85 billion, reflecting deep investor confidence as the market status remained actively open.
