The Pakistan Stock Exchange (PSX) recorded an acute rally on Tuesday, with the KSE-100 reference index that rose 5470.16 points, or 4.71 %% to 121,637.63 points during intra-day trade, reflecting the optimism of increased investors after the announcement of US President Donald Trump over the fire between Iran and Israel.
The current index won 6,479.11 points during the previous closure of 116,167.47, marking one of the largest one -day profits in recent trade.
Source: PSX
The market reached a maximum intradic of 122,725.21 and a minimum of 120,369.53.
The negotiation volume stood at 236.9 million shares, with a total value of RS20.6 billion, indicating a strong purchase interest in all sectors.
The ascending movement reflects the renewed trust of investors amid the ease of geopolitical tensions and regional stability hopes.
Waqas Ghani Kukasswadia, head of research of JS Global, commented that the generalized purchase activity was witnessed in all sectors, promoting a strong rally. The trade stopped for an hour due to the acute movement up. The market has increased by 5.65%, he added.
Read: The shares collapse in the sale of panic
Earlier on Monday, PSX saw a strong liquidation, driven by the growing geopolitical tensions after the United States attack against Iran.
The reference KSE-100 index fell into 3,856 points (3.21%) to close at 116,167, after reaching a minimum of 115,887 per day. This marks one of the most acute losses of a single day in recent months.
According to Ahsan Mehanti by Arifib Corp, the shares fell in the middle of a sale of global shares due to the climbing in the medium east tensions.
The interruptions of the supply promoted by the reprisals expected to the attack of the United States against Iran contributed to a weak export perspective and a high concern for inflation, which played an important role in the sales activity in the PSX, he said.
The feeling of investors was moistened by the increase in geopolitical tensions, especially the intensifying conflict between Israel and Iran, which led to greater uncertainty and a generalized risk aversion. The nervousness triggered the sale of wide -based panic, observed the upper line in a market review.
TOPLINE added that the main indexes of index, including Gen, Pakistan Petroleum, Lucky Cement, OGDC and Mari Petroleum, were among the most important lags, dragging the downward index by 1,054 points.
In his comment, Arif Habib Limited (AHL) declared that the week began with a strong sale after climbing in the Middle East during the weekend.
Only five actions increased while 93 fell, with Engro Holdings (-5.02%), Pakistan Petroleum (-6.3%) and Lucky Cement (-4.02%) are the largest drags.
JS’s overall analyst, Mubashir Anis Naviwala, commented that the PSX suffered great losses in a strong liquidation, opening with an steep gap of 2,000 points in the middle of the sale of panic.
The index could not recover throughout the session, touching the minimum of 115,887 and finally closed with a massive loss of 3,856 points to 116,167.
The total negotiated volume stood at 595 million shares, with the current activity in WorldCall Telecom, Sui Southern Gas Company, Pervez Ahmed Consultancy, K-Electric and Kohinor Spinning Mills, he said.
The strong decline reflected the high fears driven by uncertainty and external pressures. “We advise investors to remain cautious, focusing on risk management and selective accumulation,” added the analyst.
General negotiation volumes increased to 595 million shares compared to the Friday account of 421.6 million. The value of the negotiated shares was RS23.5 billion. Actions of 468 companies were negotiated.
Of these, 56 shares closed higher, 386 fell and 26 remained unchanged.
WorldCall Telecom was the volume leader with operations in 53.3 million shares, falling RS0.10 to close at RS1.35.
He was followed by Sui Southern Gas Company with 36 million shares, losing RS4.2 to close at RS38.8 and Pervez Ahmed Consultancy with 24 million shares, falling RS0.12 to close at RS2.72.
Foreign investors bought shares worth RS162 million, reported the National Clearing Company.
