PSX rebounds in early trade, gains over 1,200 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong rebound in early trading on Tuesday as the benchmark KSE-100 index surged over 1,200 points in the opening session, reflecting renewed investor confidence after a volatile start to the week.

At around 9:35 AM, the KSE-100 index was seen in firm green territory, gaining 1,216.86 points to reach 163,380.67, with volumes recorded at 7.96 million shares. The upbeat opening followed Monday’s sharp decline of over 1,100 points, as investors returned to value buying in key sectors including banking, technology, and cement.

However, as the morning session progressed, the gains slightly cooled off. By 10:06 AM, the benchmark index had eased to 162,985.8 points, still higher by 821.99 points, while the traded volume climbed to nearly 68 million shares. At 10:14 AM, the index was up by 665.45 points or 0.41 percent at 162,829.26 points, with total volume crossing 78.48 million shares.

Market sentiment turns upbeat after recent correction

Market participants said Tuesday’s rebound was largely driven by bargain hunting after a recent wave of profit-taking that had pulled the index down sharply in the previous session. Improved expectations for corporate results and optimism over potential progress on Pakistan’s economic reforms also supported buying activity.

During intraday trade, the benchmark index hit a high of 163,380.67 points and a low of 162,444.28 points, showing a day range of nearly 936 points. The 1-year performance remained strong with an 80.53 percent increase, while the year-to-date gain stood at 41.43 percent, reflecting the market’s overall bullish momentum through 2025 despite short-term fluctuations.

Active stocks and sector performance

Among the most actively traded stocks, Bank of Punjab (BOP) gained 2.85 percent to reach Rs38.30, followed by Bank Islami (BML) which added 1.66 percent to close at Rs6.75. PTCL also rose 1.06 percent to Rs37.30, while WorldCall Telecom (WTL) inched up 1.06 percent to Rs1.91. Meanwhile, First National Equities (FNEL) and Fauji Cement (FCSC) declined by 4.50 percent and 4.30 percent respectively.

Top gainers of the session included Kohinoor Power (KOHP), Grays Leasing (GRYL), Tata Textile (TATM), Wafi Energy (WAFI), and United Distributors Pakistan (UDPL), all of which advanced by 10 percent. On the losing side, U Capital Markets (UCAPM) led with a decline of 10.82 percent, followed by FECM and SERT, both slipping nearly 10 percent.

Previous close

The PSX’s previous session had closed at 162,163.81 points, down by 1,140.32 points or 0.70 percent, as 67 of the 100 index companies ended in the red. With Tuesday’s early rally, traders appear hopeful for a broader recovery if the positive sentiment sustains through the day.