PSX Gains Nearly 600 Points on Morning Buying Spree

The Pakistan Stock Exchange (PSX) opened on a positive note on Wednesday, with investors showing renewed buying interest across multiple sectors.

At 9:40am, the benchmark KSE-100 Index was trading at 149,002.59 points, up by 567.53 points or 0.38%. Gains were seen in key areas including automobile assemblers, commercial banks, fertilisers, and the oil and gas sector. Major players such as OGDC, POL, ARL, SSGC, SNGPL, WAFI, MCB, MEBL, NBP, and UBL all traded in the green, supporting the rally.

The rebound followed a weak session on Tuesday, when the index closed at 148,435.06 points, down 380.24 points amid volatility. Analysts said investors were keen to make fresh entries after Tuesday’s correction.

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Asian markets were largely steady as global investors awaited Nvidia’s earnings report, expected to influence sentiment. Concerns over US monetary policy remained in focus after President Donald Trump’s decision to dismiss Federal Reserve Governor Lisa Cook, a move likely to trigger legal proceedings.

Markets are pricing in an 84% probability of a US rate cut in September, with expectations of further easing by mid-2026. Nvidia’s outlook, particularly its business in China, is also drawing attention amid ongoing trade tensions.

By mid-morning, MSCI’s Asia-Pacific index rose 0.2%, Japan’s Nikkei remained flat, Taiwan gained 0.6%, and Chinese blue-chip stocks added 0.3%.