PSX Maintains Bullish Momentum with Significant Gains

The Pakistan Stock Exchange (PSX) continued its upward trajectory on Tuesday, as the KSE-100 Index experienced substantial gains in the initial trading session.

By 9:40 am, the benchmark index had reached 147,656.89, reflecting an increase of 727.05 points, which is equivalent to a 0.49% rise.

Notable buying activity was evident in key sectors such as automobile manufacturing, commercial banking, oil and gas exploration, and oil marketing companies (OMCs). Major stocks including MARI, POL, PSO, SSGC, SNGPL, HBL, MCB, MEBL, and UBL all demonstrated positive trading activity.

Market analysts suggest that this positive investor sentiment is driven by strong corporate earnings and reports indicating potential investments from the United States in Pakistan’s energy sector.

Upon his return from the US, Finance Minister Muhammad Aurangzeb mentioned in a discussion that Pakistan anticipates positive news regarding significant investments from the US across multiple sectors soon.

The Finance Minister characterized the trade discussions held with the US as highly successful for the nation, emphasizing that Pakistan is advancing positively, and the benefits will become apparent shortly.

On the preceding day, Monday, the PSX witnessed a robust performance, with the KSE-100 Index climbing by 1,547.05 points, or 1.06%, to conclude at 146,929.84.

Across the globe, most Asian stock markets showed gains on Tuesday, supported by an extended tariff pause between the world’s leading economies. Japanese stocks achieved a historic peak, boosted by technology shares following a prolonged holiday break.

US President Donald Trump prolonged the tariff truce with China for another 90 days on Monday, averting substantial duties on Chinese products, a decision largely anticipated by investors and markets.

Market confidence in recent weeks has been reinforced by expectations of interest rate reductions by the US Federal Reserve, robust US corporate profits, and clarity surrounding US trade tariffs on its trading partners.

Japan’s Nikkei index soared to unprecedented levels, recording a 2% increase as the country’s markets reopened after a public holiday, mirroring the performance of other global indices this year.

Australia’s benchmark index also achieved a record high, preceding a monetary policy meeting where a central bank interest rate cut is widely anticipated.

This backdrop resulted in a slight increase in MSCI’s broadest index of Asia-Pacific shares excluding Japan. China’s blue-chip stocks remained stable, while Hong Kong’s Hang Seng index saw a minor decrease of 0.1% in early trading.

This update reflects intraday market activity.