KSE-100 rallies over 5,000 points after Monday’s largest single-session decline – Business

Pakistan’s benchmark stock index KSE-100 closed in the green, rising by 5,159.10 points to 157,132.09 points on Tuesday, following the biggest single-session drop in the history of the stock market on Monday.

This 3.39 percent increase marks a significant rebound from yesterday’s drop of more than 16,000 points.

This bullish momentum followed initial volatility, with the benchmark index falling 700 points into the red at 9:16 am.

Trading volumes have remained strong at 429,915,176 shares, with a total value of Rs 38,086,382,388. However, the index continued to reflect the volatility seen in the previous session, oscillating between an intraday low of 151,258.85 points and a high of 158,217.01.

The most actively traded shares were led by K-Electric Limited, which rose 8.81 per cent to Rs 7.29 on a volume of 74,401,539 shares. It was followed by Worldcall Telecom Limited, which rose 8.04 percent to Rs 1.21 with 50,045,665 shares traded, while Pak Elektron Limited fell 9.04 percent to Rs 39.33 with a volume of 38,234,339 shares.

Investors were cautiously optimistic that volatility would persist amid geopolitical uncertainty. In particular, the assassination of Ali Khamenei, Iran’s supreme leader, in US and Israeli airstrikes has destabilized the Middle East, unleashed a rout in global stock markets and fueled a surge in oil and gas prices.

The developments have raised fears of supply disruptions as Tehran retaliates.

Topline Research noted that given the changing nature of the conflict and the involvement of multiple countries, volatility may continue until the situation stabilizes.