Overview
- The benchmark KSE-100 rose 1,428.73 points to close at 164,467.20 in trading on Tuesday, extending a short-term recovery and staying positive throughout the session.
- Buying was broad based with banks, cement, fertiliser, autos and oil and gas leading flows and large caps such as MCB, FFC, UBL, PPL and NBP contributing roughly 490 points to the advance.
- Market activity strengthened as turnover rose to about 402 million shares and traded value climbed to roughly Rs18 billion, while market breadth showed 282 advancers, 170 decliners and 45 unchanged.
- Traders said relief that the State Bank of Pakistan raised its policy rate by 50 basis points rather than a larger increase helped risk appetite, but analysts warned that higher oil prices and regional tensions could quickly reintroduce volatility.
- Broader context includes an active corporate results season that is driving stock-specific moves and the SBP’s ongoing foreign-exchange interventions, which together shape how gains translate into longer-term market direction.