Positive sentiments drive PSX, KSE-100 up 1,400 points

Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,400 points during the opening hours of trading on Tuesday. At 11:25am, the benchmark index was hovering at 179,856.53, up by 1,441.74 points or 0.81%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including OGDC, MARI, POL, PPL, HUBCO, ARL, PSO, SSGC and UBL, traded in the green. On Monday, PSX came under renewed selling pressure on Monday as investor sentiment weakened following fresh geopolitical uncertainty over the weekend, prompting widespread profit-taking that dragged the market, erasing the previous session’s gains. The benchmark KSE-100 Index declined by 1,156.47 points, or 0.64%, to close at 178,414.80 points.