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PSX Recovers 2,500 Points Amid Investor Optimism
Photo: dawn.com
2026-07-15 08:13   Business   12

PSX Recovers 2,500 Points Amid Investor Optimism

The Pakistan Stock Exchange (PSX) benchmark index rebounded from a two-day losing streak on Wednesday, gaining over 2,500 points during early intraday trade.The KSE-100 index surged to 3,133 points at 10:06am before slightly retreating to 2,664.88 points by 10:14am.Analysts attribute the recovery to improved investor sentiment following U.S.President Donald Trump's reversal on the Strait of Hormuz toll and lower-than-expected U.S.inflation easing fears of Fed rate hikes.The rebound also coincided with rising oil prices, as Brent and West Texas Intermediate futures climbed 1.2% and 0.8% respectively.However, the market faced extreme selling pressure on Tuesday, with investors losing Rs706 billion amid geopolitical tensions and fears over Iran-U.S.confrontations.The recovery signals a shift toward positive sentiment, though challenges remain due to ongoing regional instability and currency pressures.

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