PSX rallies over easing political woes

The Pakistan Stock Exchange recovered strongly on Tuesday, with the KSE-100 gaining 2,592.79 points, or 1.56 per cent, to close at 168,460.11, according to The Express Tribune. Buying spread across the market as investors responded to hopes of lower domestic political tension. The benchmark had earlier moved between a high of 168,626.18 and a low of 165,651.68 before recovering through the session.

The rally followed Prime Minister Shehbaz Sharif's call for the PTI to drop its agitation and cancel its long march, with talks offered in return. Easing crude prices, supported by Middle Eastern exports and a G7 stockpile release, also reduced supply worries. Analysts at AKD Securities and KASB KTrade linked the recovery to calmer domestic and global conditions after Monday's heavy sell-off.

Volumes declined to 432 million shares, compared with 441.9 million on Monday, and the value of shares traded stood at Rs20.1 billion. Of 496 companies traded in the ready market, 314 closed higher, 147 fell and 35 were unchanged. Ali Najib of Arif Habib Limited noted that Sazgar Engineering's first-quarter sales of fiscal year 2026-27 rose 22 per cent year-on-year to 10,872 units, though four-wheeler sales fell 12 per cent.