The Pakistan Stock Exchange saw a PSX recovery rally on Wednesday, breaking a three-day losing streak. Late value-hunting fueled the rebound. The benchmark KSE-100 index closed at 163,188.53 points, up 1,496 points or 0.93 percent. Market momentum improved despite earlier volatility. The PSX recovery rally restored investor confidence after a weak start.
Topline Securities reported the index fluctuated between 160,564.86 and 163,397.24 points during the session. Institutional buying provided stability and helped sustain gains. Fauji Fertiliser, Meezan Bank, Habib Bank, National Bank, and Oil and Gas Development Company drove 1,058 points of the overall advance. The surge reflected renewed interest from value-oriented investors and institutional players.
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Trading activity increased, with total volume rising 7.76 percent to 636.4 million shares. Traded value surged 39.59 percent to Rs30.9 billion. WorldCall Telecom led in volume with 47 million shares traded. Analysts noted stronger participation indicated market optimism. Positive trends were visible even as initial selling pressure emerged.
Ali Najib of Arif Habib Ltd said recovery signs appeared after the market opened flat. Value-hunters stepped in, reversing early losses. Analysts expect the positive momentum to continue through the rollover week. The KSE-100 index may approach 165,000 points in the remaining sessions. Investor confidence is slowly improving amid economic uncertainty.
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On the macro side, Pakistan’s unemployment rose to 7.1 percent, the highest in 21 years. The IMF program and climate disruptions affected job creation. Despite this, the PSX recovery rally shows financial markets are responding positively to buying pressure. Analysts believe the trend could strengthen in coming sessions.