KSE-100 rallies over 5,000 points after Monday’s largest single-session decline |
KSE-100 rallies over 5,000 points after Monday’s largest single-session decline
Pakistan’s benchmark stock index, the KSE-100, closed in the green, up 5159.10 points to 157,132.09 points on Tuesday, following the largest single-session decline in the bourse’s history on Monday.
This 3.39 per cent increase marks a significant rebound from yesterday’s drop of more than 16,000 points.
This upward momentum followed early volatility, with the benchmark slipping 700 points into the red at 9:16am.
Trading volumes have remained robust at 429,915,176 shares, with a total value of Rs38,086,382,388. However, the index continued to reflect the volatility seen in the previous session, swinging between an intraday low of 151,258.85 points and a high of 158,217.01.
The most actively traded stocks were led by K-Electric Limited, which climbed 8.81pc to Rs7.29 on a volume of 74,401,539 shares. It was followed by Worldcall Telecom Limited, up 8.04pc to Rs1.21 with 50,045,665 shares traded, while Pak Elektron Limited declined 9.04pc to Rs39.33 on a volume of 38,234,339 shares.
Investors were cautiously optimistic regarding the persistence of volatility amid geopolitical uncertainty. In particular, the assassination of Ali Khamenei, Iran’s supreme leader, in airstrikes by the United States and Israel has destabilised the Middle East, triggered a rout in global equity markets, and fuelled a surge in oil and gas prices.
The developments have heightened fears of supply disruptions as Tehran retaliates.
Topline Research noted that given the evolving nature of the conflict and the involvement of multiple countries, volatility may continue until the situation stabilises.
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