PSX gains nearly 9,700 points

KARACHI: The Pakistan Stock Exchange (PSX) rebounded on Tuesday, with the benchmark KSE-100 index rising by 9,697 points, or 6.62%, by 1:44 pm after a sharp decline in the previous session.

Buying activity emerged across major index-heavy sectors from the opening bell, lifting benchmark indices and triggering a temporary trading halt following a sharp rise in key market indicators.

According to a PSX announcement, trading was halted after the KSE-30 index registered a 5% increase from the previous trading day’s close, triggering an automatic suspension under the exchange’s regulations.

The PSX added that all outstanding orders were automatically cancelled during the halt and that equity markets would reopen according to schedule.

Trading later resumed as scheduled, with the upward trend continuing through the session.

The market opened for trading and recorded a high of 158,354.12 points, while the day’s low stood at 155,294.65 points. The previous closing level of the index was 146,480.14 points.

Trading activity showed a volume of 189,386,276 shares, while the total value recorded in the market reached 16,877,920,340. Staff Report