The Pakistan Stock Exchange (PSX) saw renewed investor confidence on Wednesday morning, with the benchmark KSE-100 Index rising sharply after a day of losses.
By 9:40am, the index climbed 567.53 points to 149,002.59, showing a 0.38% gain. The upward move was supported by buying in major sectors such as oil and gas, refineries, commercial banks, fertilisers, and automobile assemblers. Heavily weighted stocks including OGDC, POL, ARL, SSGC, SNGPL, MCB, MEBL, NBP, and UBL recorded strong activity.
Tuesday’s session had ended on a negative note, with the index shedding 380.24 points to settle at 148,435.06. Analysts said the correction created room for fresh buying, helping lift the market at the opening bell.
Meanwhile, regional markets were subdued as investors turned cautious ahead of Nvidia’s financial results, which could influence technology and chip-related trades worldwide. Market focus also shifted to the United States, where President Donald Trump’s decision to remove Federal Reserve Governor Lisa Cook has raised questions about the central bank’s independence.
The US dollar softened, and bond markets suggested that traders expect a rate cut next month, with bets on over 100 basis points of easing by mid-2026. Nvidia’s China operations are also being closely watched due to ongoing trade restrictions.
In Asia, MSCI’s index edged up 0.2%, Japan’s Nikkei remained flat, Taiwan rose 0.6%, and China’s main stocks added 0.3%, continuing their recent rally driven by technology shares.