PSX Today: KSE-100 Index Jumps Over 600 Points in Early Trading

Pakistan Stock Exchange ( PSX ) witnessed strong buying activity on Wednesday as the benchmark KSE-100 Index surged by more than 600 points during the opening session. Investors showed renewed confidence in key sectors after positive economic developments and improved market sentiment. At around 9:35am, the KSE-100 Index was trading at 169,561 points, showing an increase of 645 points or 0.38%. Major gains were recorded in sectors including commercial banks, cement, automobile assemblers, oil and gas exploration companies, refineries, and power generation firms. Several heavyweight stocks traded in the green, including HUBCO, OGDC, PPL, POL, HBL, MCB, MEBL, and NBP. Market analysts believe investor confidence improved after the State Bank of Pakistan (SBP) confirmed receiving nearly $1.3 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF). The positive momentum came after a weak session on Tuesday when the PSX closed lower amid concerns over rising geopolitical tensions in the Middle East and uncertainty surrounding US-Iran negotiations. The KSE-100 Index had dropped by 1,590 points in the previous session. Meanwhile, Asian stock markets also faced pressure due to higher-than-expected US inflation data and ongoing global uncertainty. Oil prices remained above $100 per barrel as tensions in the Middle East continued to impact global supply expectations. Experts say investors will continue monitoring international developments and economic updates for further market direction. PSX rebounds as KSE-100 gains over 900 points in early trade