PSX Index Soars Over 1,200 Points in Intraday Trade

Pakistan’s KSE-100 index rebounded significantly on Tuesday, gaining over 1,200 points during intraday trading.

The index climbed 1,245.93 points, or 0.82 percent, closing at 153,986.30 points from the previous close of 152,740.37 points.

Last week saw PSX extend its decline for an eighth consecutive week, with KSE-100 closing lower during a shortened trading period due to Eidul Fitr.

The current week was also impacted by Pakistan Day holiday on March 23, which reduced market operations to four sessions in the final week of Ramadan.

Analysts at Arif Habib Ltd noted increased volatility last week, driven by geopolitical uncertainty and selling pressure. They expect future market direction to remain influenced by geopolitical developments and post-Ramazan sentiment.