KARACHI – The Pakistan Stock Exchange (PSX) witnessed a strong recovery on Tuesday, with the benchmark KSE-100 Index gaining more than 3,300 points during ongoing trading amid hopes for easing regional tensions.
The benchmark index climbed 3,331.89 points, representing an increase of 1.92 per cent, to reach 177,218.57 points.
The market recorded an intraday high of 177,297.18 points and a low of 176,273.72 points. Trading volume stood at 100.10 million shares, while the market remained open at the time of reporting.
The positive performance followed a difficult previous session, when the KSE-100 Index lost 1,493.18 points, or 0.85 per cent, to finish at 173,886.69 points. The benchmark had closed at 175,379.87 points in the preceding trading session.
Easing Geopolitical Concerns Support Market Sentiment
The latest upward movement in share prices comes amid growing expectations of reduced tensions between the United States and Iran.
Hopes for a possible easing of the conflict have also contributed to declining international oil prices, providing a more positive backdrop for financial markets.
Improved sentiment surrounding geopolitical developments appears to have supported the recovery in local equities.
