The Pakistan Stock Exchange extended its bullish momentum on Tuesday, adding over 500 points in the opening hours of trading. The benchmark KSE-100 Index touched 150,532.82, up by 561.70 points or 0.37% from the previous close.
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Analysts said a combination of strong global cues and lower-than-expected inflation data had boosted investor morale. Buying was particularly visible in banks, refineries, oil companies, and pharmaceutical firms. Heavyweight stocks including ARL, NRL, HBL, and UBL advanced steadily.
The gains built on Monday’s rally, when the index soared by 1,353 points to settle at 149,971.12. Traders linked that surge to robust foreign and local buying interest supported by easing inflationary concerns.
On the global front, investors maintained focus on the US Federal Reserve’s policy outlook. Wall Street remained near record levels as markets priced in a strong chance of a rate cut this month. Asian shares also traded positively, with MSCI’s index of Asia-Pacific shares up 0.2% and China’s CSI300 hitting a three-year peak. However, Hong Kong’s Hang Seng slipped slightly after sharp gains a day earlier.
Experts said Pakistan’s stock market had benefited from this global optimism, but cautioned that any reversal in international sentiment or policy decisions could trigger volatility.
