PSX surges over 10,000 pts, sharp contrast from yesterday’s plunge

KARACHI: Pakistan’s benchmark KSE-100 index saw a remarkable rebound on Tuesday, climbing 10,757.64 points during early trading to reach 157,300.45 points, up from the previous session’s close of 146,480.14 points. The sharp rally triggered a temporary market halt under Pakistan Stock Exchange (PSX) regulations.

According to an official notice from the exchange, trading was suspended after the KSE-30 index recorded a 5 per cent increase from Monday’s close, activating the PSX’s market suspension mechanism. Trading resumed at 10:27 AM.

The turnaround comes after Monday’s session, which saw the KSE-100 plunge 11,015 points, marking the second-largest single-day drop in the index’s history and erasing over Rs1.09 trillion in market value. Analysts noted that Tuesday’s rally demonstrates the market’s extreme volatility, swinging sharply from historic losses to record gains in just one day.

Investors and traders are advised to remain cautious amid the volatile conditions, while market watchers closely monitor further developments in local and global economic indicators that could influence the PSX.