Karachi: The Pakistan Stock Exchange (PSX) witnessed a strong bullish rally on Tuesday, with the KSE-100 Index surging nearly 1,200 points in early trading. At 10:30 AM, the benchmark index soared to 115,525.73 points, reflecting a massive gain of 1,195.63 points or 1.05% as investor confidence remained strong.
The stock market rally was fueled by across-the-board buying in key sectors, including:
✅ Cement stocks
✅ Commercial banks
✅ Fertilizer companies
✅ Oil & Gas Exploration (E&P) firms
✅ OMCs & refineries
Top index-heavy stocks trading in the green included NRL, PRL, PSO, SHEL, SNGPL, MARI, OGDC, POL, and PPL, adding further momentum to the bullish trend.
IMF Technical Talks Drive Market Optimism
Investor sentiment also remained positive as a technical mission from the International Monetary Fund (IMF) commenced crucial discussions on Pakistan’s request for $1.5 billion in additional climate financing under the Resilience and Sustainability Facility (RSF).
This development comes amid Pakistan’s ongoing economic recovery efforts, with the government seeking long-term funding for climate resilience and sustainable development projects.
Stock Market Performance: KSE-100 Index Gains Over 1,500 Points in Two Sessions
On Monday, the KSE-100 Index closed at 114,330.10, recording a massive gain of 1,529.17 points (1.36%). The exploration and production (E&P) sector played a pivotal role in driving the market higher, erasing intraday losses and pushing the index firmly into positive territory.
Key Takeaways for Investors: What’s Next?
📌 The bullish momentum at PSX signals strong buying interest across multiple sectors.
📌 IMF talks could bring further economic stability and boost investor confidence.
📌 Traders are eyeing key resistance levels to determine whether the KSE-100 Index can maintain its upward trajectory.
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