KSE-100 rallies after Monday’s largest single-session decline

Pakistan’s benchmark stock index, the KSE-100, was trading in the green, up 1273.32 points by 11:55am on Tuesday, following the largest single-session decline in the bourse’s history on Monday

This comes after the index had surged 3,000.76 points by 9:50am, gaining 1.97 per cent from its previous close of 151,972.99 points and marking a significant rebound from yesterday’s drop of more than 16,000 points.

The recovery followed brief early volatility, with the benchmark slipping 700 points into the red at 9:16am.

Investors are now watching to see whether volatility persists amid geopolitical uncertainty. In particular, the assassination of Ali Khamenei, Iran’s supreme leader, in airstrikes by the United States and Israel has destabilised the Middle East, triggered a rout in global equity markets, and fuelled a surge in oil and gas prices.

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

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

So far, trading volumes have remained healthy at 112,224,609 with a value of 8,762,351,732.

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