The Pakistan Stock Exchange (PSX) rallied strongly on Tuesday, with the KSE-100 Index gaining over 1,000 points. Investors reacted positively to stable interest rates and expected strong corporate earnings.
By mid-morning, the KSE-100 Index had climbed 948.95 points, or 0.61%, to reach 156,333.45. The market continued its upward trend, eventually closing at 156,468 points, marking a gain of 1,083 points for the day.
Buying activity was strong across major sectors. Key sectors driving the rally included automobiles, commercial banks, cement, fertilisers, oil and gas exploration, refineries, power generation, and OMCs. Leading companies such as ARL, HUBCO, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, DGKC, HBL, MCB, MEBL, and UBL all traded in positive territory.
The strong performance followed the State Bank of Pakistan’s decision to keep the policy rate unchanged at 11%. Analysts said the central bank’s cautious approach reflects concerns about the economic impact of recent floods. One market expert noted that good corporate results combined with stable interest rates encouraged investors to remain confident.
Global markets also supported PSX gains. Asian stocks rose on Tuesday, while the US dollar weakened ahead of the Federal Reserve’s expected policy move. Investors widely anticipate a 25-basis-point rate cut from the Fed this week. MSCI’s Asia-Pacific index outside Japan hit a four-year high, and Japan’s Nikkei and Topix set new records.
PSX had already gained nearly 945 points on Monday, setting a strong tone for the week. Analysts believe positive momentum may continue, depending on global monetary policies and domestic economic conditions.
With consistent corporate earnings and supportive international trends, PSX remains on an upward trajectory. Investors are closely watching both local developments and global market signals for future guidance.
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