The Pakistan Stock Exchange (PSX) opened on a positive note on Thursday, showing signs of recovery after three days of losses. The benchmark KSE-100 Index gained over 200 points in early trade, climbing to 147,737.44 by 11:25am, an increase of 243.41 points or 0.17%.
Buying interest was seen in major sectors, including automobile assemblers, commercial banks, and oil and gas companies. Leading stocks such as Pakistan State Oil (PSO), Mari Petroleum (MARI), Pakistan Oilfields (POL), Meezan Bank (MEBL), United Bank (UBL), Honda Atlas (HCAR), and Indus Motor (INDU) traded higher, giving the index some upward momentum.
The market’s mild recovery came a day after the KSE-100 suffered a drop of 941.03 points, or 0.63%, closing at 147,494.03 on Wednesday. Analysts said the earlier losses were driven by rollover pressures, weak economic signals, and investor caution following a national flood alert.
International markets offered a mixed picture. Asian shares were largely volatile despite strong earnings from AI giant Nvidia. Concerns about the company’s China operations and broader US-China trade tensions weighed on investor sentiment. MSCI’s Asia-Pacific index outside Japan fell 0.2%, while futures for US markets also edged lower, with S&P 500 e-minis down 0.2% and Nasdaq futures slipping 0.4%.
In Japan, stocks fluctuated after reports that the country’s chief trade negotiator cancelled a scheduled US visit. The Nikkei 225 index was last up 0.4%.