Trading at the Pakistan Stock Exchange (PSX) was temporarily halted for one hour on Tuesday after an extraordinary surge triggered automatic circuit breakers.
The market witnessed a remarkable comeback, with six consecutive upper locks activated as investor confidence soared. The KSE-100 Index skyrocketed by 5,878 points, closing at 122,045 points.
According to market regulations, trading is automatically paused when the KSE-30 Index rises by more than 5% continuously to prevent excessive volatility. This rule was enforced today as the index surged past the set limit.
Senior market analysts described the rally as one of the most significant recent recoveries, with strong buying momentum across key sectors.
Trading is scheduled to resume after the mandatory one-hour cooling-off period.
Earlier in the day, the Pakistan Stock Exchange (PSX) witnessed a significant surge on Tuesday, with the benchmark KSE-100 Index climbing 5.06% to reach 122,045.62 points as of 11:26 AM. This marks one of the most substantial single-day gains in recent months.
The KSE-100 Index touched an intraday high of 122,046.03 points, while the low stood at 120,369.53 points. Trading activity was robust, with a total volume of 146.67 million shares exchanged.
The market’s momentum reflects growing investor confidence, bolstered by easing regional tensions and potential economic stability. The KSE-100 has posted a 56% gain over the past year and a 6.01% increase year-to-date (YTD).
At the opening of the first session, Pakistan Stock Exchange (PSX) witnessed a remarkable surge at the start of trading today, with the benchmark KSE-100 index skyrocketing by 4,332 points shortly after the market opened, restoring four key levels in one go.
The sharp rally comes in the wake of the Iran-Israel ceasefire, boosting investor confidence and driving strong buying across the board.
Stock analysts predict a powerful rebound throughout the day as market sentiment improves.
Currency brokers also reported a major breakthrough in resolving the power sector’s circular debt issue. The government is expected to soon secure a low-cost loan of Rs 1,275 billion from banks, which is likely to further lift investor confidence.
