PSX KSE-100 index surged more than 3,600 points in intraday trade, extending its recovery after recent volatility. Investors tracked oil prices, regional trends and the SBP outlook.
PSX KSE-100 index continued its recovery on Wednesday, rising by more than 3,600 points in intraday trade as investor sentiment improved after recent volatility.
The benchmark index gained 3,619.38 points, or 2.41 per cent, to reach 153,635.54 points by 12:06 pm, up from the previous close of 150,016.16 points. Recent market data also showed the KSE-100 moving back above the 153,000 level after a sharp sell-off earlier in the week.
The PSX KSE-100 index had slipped 150,000 points below on Monday as investors reacted to the Middle East conflict and border tensions with Afghanistan. The decline triggered panic selling and pushed the market into a four-day losing streak.
However, the market recovered on Tuesday and carried that momentum into Wednesday’s session. Analysts said support came from relatively stable oil prices and positive regional trends, although overall trading activity remained cautious.
Despite the rebound, investors are still watching global oil prices closely. The war-linked disruption around the Strait of Hormuz has kept pressure on energy markets and raised concerns about imported inflation for Pakistan.
Read: KSE-100 Index Falls Monday as Oil Shock, IMF Delay Hit Pakistan Stocks
That has also shifted attention to the State Bank of Pakistan. Recent reporting said analysts expect the central bank to keep the policy rate unchanged at 10.5 per cent, even as rising oil prices increase inflation risks ahead of the next monetary policy decision.
The latest jump suggests buyers have returned after the recent slide, but sentiment remains fragile. Investors are still waiting for clearer direction on regional tensions, oil prices and inflation before taking more aggressive positions.
