The Pakistan Stock Exchange sustained its upward trajectory on Tuesday as investors rushed to capitalize on a wave of optimism across domestic and international markets. By mid-morning, the KSE-100 Index climbed to 150,532.82 points, gaining 561.70 points or 0.37%.
Market participants highlighted strong demand in banking, energy, pharmaceuticals, and automobile sectors. Shares of major companies including MARI, PPL, SNGPL, and MEBL contributed significantly to the index’s rise.
This performance followed a powerful rally on Monday when the KSE-100 gained 1,353 points, closing just shy of the 150,000 mark. Analysts attributed the surge to an inflation reading that surprised on the downside, reinforcing hopes for policy stability in the coming months.
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The positive momentum in Pakistan coincided with gains across global markets. Asian stocks advanced, with Japan’s Nikkei recovering from losses in the previous session and Chinese equities hitting new highs driven by AI-related enthusiasm. Meanwhile, the dollar stayed subdued and gold prices climbed further.
Global investors are also closely watching the US labour market, with upcoming data expected to guide the Federal Reserve’s next move. Markets are currently factoring in a high probability of an interest rate cut, which could provide further stimulus to equities worldwide.