Karachi, April 8, 2025: The Pakistan Stock Exchange (PSX) rebounded sharply on Tuesday, as the KSE-100 Index surged 622.95 points to close at 115,532.43, recovering from the previous session’s steep losses and reflecting renewed investor confidence.
The index touched an intraday high of 116,692.29 and a low of 115,560.90, maintaining upward momentum throughout the trading session. Market activity remained vibrant, with 338.9 million shares traded and the total value of transactions reaching Rs27.29 billion.
Cnergyico Limited (CNERGY) dominated the volume chart with over 121 million shares exchanged, closing at Rs8.40, up Rs0.57. It was followed by Bank Alfalah (BAFL) and K-Electric (KEL) with 32.6 million and 19 million shares traded, respectively.
Among the standout performers was Lucky Cement (LUCK), which surged Rs98.09 to settle at Rs1,585, while Mari Petroleum (MARI) gained Rs33.09 to close at Rs691.50. Despite the broader bullish trend, some major stocks faced mild corrections, with Engro Fertilizers (EFERT) shedding Rs3.97 and Fauji Fertilizer Company (FFC) falling by Rs2.09.
Tuesday’s recovery follows a turbulent session on Monday, when the PSX plunged 3,882 points amid heightened global trade tensions and recession fears, closing at 114,909.48 — one of the sharpest single-day losses in recent history.
The market rout was triggered by escalating trade hostilities after US President Donald Trump announced new tariffs, prompting swift retaliatory measures from China. The move rattled global investors, causing a sharp sell-off across Asian and European markets, with equities touching multi-month lows and oil prices tumbling.
In its latest economic outlook, Goldman Sachs raised the probability of a US recession to 45%, while JP Morgan revised its GDP growth forecast downward, predicting a potential 0.3% contraction in the US economy — a stark reversal from earlier growth expectations of 1.3%.
Despite the global uncertainty, Tuesday’s PSX rebound signals cautious optimism, with analysts attributing the recovery to bargain hunting, short-covering, and reassurances from local economic stakeholders.
Market watchers will remain focused on global macroeconomic signals, geopolitical developments, and corporate earnings in the coming days to gauge the sustainability of the recovery.
