Bulls return as PSX surges over 1,500 points

Investors returned to buying mode, signalling a turnaround after recent corrective sessions.

The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Tuesday, marking a clear reversal after recent corrective sessions as investors returned to buying mode. The benchmark KSE-100 index recovered sharply to finish near the 184,000 level, advancing by 1,567.36 points, or 0.86%, to close at 183,951.51.

Trading opened on a cautious note, with the index edging up briefly before coming under selling pressure. Profit-taking pushed the benchmark down to an intra-day low of 180,589.95, keeping market sentiment mixed during the early hours.

Momentum improved in the latter half of the session as buying interest strengthened across the board. The index then moved steadily higher, touching an intra-day high of 184,304.87, before settling slightly lower by the close.

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