ISLAMABAD: The buying momentum at the Pakistan Stock Exchange (PSX) continued on Tuesday, with the benchmark KSE-100 index rising by 385.47 points to close at 116,775.50 — marking a gain of 0.33%.
Buying was observed in key sectors including commercial banks, OMCs, refinery and power generation.
Index-heavy stocks including HBL, MCB, MEBL, UBL, POL, PPL, SNGPL, SSGC and ARL traded in the green.
On Tuesday, a total of 479,465,114 shares were traded as compared to 444,915,508 shares on the previous trading day, whereas the price of shares stood at Rs 30.449 billion against Rs 27.430 billion on the last trading day.
As many as 446 companies transacted their shares in the stock market, 218 of them recorded gains and 174 sustained losses, whereas the share price of 54 companies remained unchanged.
State Bank of Pakistan (SBP) Governor Jameel Ahmad announced on Monday that the country received a record-high $4.1 billion in workers’ remittances during March 2025.
The PSX yesterday closed on a positive note, buoyed by better-than-expected remittances and improved sentiment in global markets.
The benchmark KSE-100 Index surged by 1,536.70 points, or 1.34%, ending Monday’s session at 116,390.04.
On the international front, Asian markets inched higher on Tuesday, supported by gains in auto stocks after US President Donald Trump hinted at potential exemptions on existing auto-related tariffs.
Meanwhile, US Treasury bonds stabilised after rebounding overnight from last week’s historic selloff, while the US dollar continued to lose favour among investors.
