The Pakistan Stock Exchange recorded a strong recovery on Tuesday as investor confidence returned after a sharp decline in the previous session. The benchmark KSE-100 Index surged by more than 2,000 points during early trading, briefly touching the 151,000 mark and signaling renewed optimism in the market.
Earlier, the market had faced heavy selling pressure that pushed the index deep into negative territory. The KSE-100 index had closed the previous trading day at 149,178 points after losing 4,687 points, marking one of the sharpest declines in recent weeks and shaking investor sentiment across several sectors.
Read more : PSX surges past 168,000 on strong buying momentum –
However, trading activity quickly improved as investors returned to the market with fresh buying interest. Analysts observed that the strong rebound reflected renewed confidence among market participants who saw the earlier drop as a temporary correction rather than a prolonged downturn.
Meanwhile, positive economic indicators also supported market sentiment. Pakistan’s current account posted a surplus of 42.7 million dollars in February, showing improvement compared with the 6.8 million dollar surplus recorded in January, according to data released by the State Bank of Pakistan.
Read more : PSX plummets by over 11,000 points as oil prices surge –
Economic data further showed that exports reached 2.48 billion dollars during the month, while imports stood at around 5.15 billion dollars. In addition, overseas Pakistanis sent remittances worth approximately 3.288 billion dollars, which played a key role in strengthening the external account balance.
However, despite the monthly improvement, broader figures still show some pressure on the external sector. During the first eight months of the current fiscal year, the current account recorded a cumulative deficit of about 700 million dollars compared with a surplus of 479 million dollars during the same period last year.