Karachi: A wave of optimism swept through the Pakistan Stock Exchange on Wednesday as the PSX-100 Index delivered an unexpected yet powerful rebound, ending several days of market weakness. The rally was fuelled by increased investor confidence and strong buying in heavyweight sectors.
The benchmark index showcased resilience from the opening bell, steadily climbing and eventually touching an intraday high of 163,397.24. Even minor dips during early trading failed to derail the upward momentum, with the market recovering swiftly each time.
The index closed at 163,188.53, registering an impressive 1,496-point gain — its strongest positive close this week and a clear sign that investors are reassessing market conditions.
“Macro improvements are finally reflecting in equities”
Market experts say the upbeat session is tied to improving macro indicators and expectations that ongoing policy developments will support stability in the coming weeks.
According to one senior market strategist, “The recent correction phase provided an ideal buying window. With inflation easing and positive expectations around the IMF review, equities were ready for a rebound.”
Sectoral strength reinforces upward move
Fertiliser stocks once again emerged as the top contributors, with Fauji Fertiliser posting notable gains. Banking giants — Meezan, HBL, and NBP — alongside OGDCL also played a leading role, collectively driving the index upward.
Turnover strengthens market outlook
The day’s total volume jumped to 636.4 million shares, up from 590.5 million previously, while traded value reached Rs 30.9 billion. Analysts say this increase in activity suggests that investors are confident the market may have found short-term support.
Of the 474 companies traded, 136 closed higher, while 290 closed lower, indicating selective but strong institutional buying rather than a broad-based rally.
Experts believe the PSX may see further activity as investors track the IMF programme, currency stability, and regional geopolitical cues. “Sentiment is improving, but sustainability depends on macro clarity,” an analyst added.
