PSX rallies over easing political woes

The call for dialogue, conditional on ending the agitation, provided some relief to investors concerned about renewed political uncertainty.The index traded between the intra-day high of 168,626.18 and low of 165,651.68, recovering strongly from the session's early levels as buying emerged across key sectors.

Investor interest was witnessed in auto assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing firms, power generation and refineries.

Meanwhile, international oil prices eased as resilient Middle Eastern crude exports and a G7 emergency stockpile release reduced immediate supply concerns, although security risks in the region continued to cap further decline."The decline in international oil prices, along with the government's indication that it remains open to negotiations with the PTI to end the long march, helped improve investor sentiment," AKD Securities Director Research Mohammed Awais Ashraf told The Express….

The easing of both external and domestic concerns encouraged fresh buying across key sectors and supported the broader market recovery, he added.After Monday's heavy sell-off and margin-driven liquidation, the market initially remained subdued and consolidated on thin volumes, but improving domestic and global cues triggered broad-based buying and a strong recovery, commented Ahmed Sheraz of KASB KTrade.Buying was visible across commercial banks, oil & gas, cement firms, investment banks and….

Additionally, hopes for US-Iran dialogue also reduced geopolitical risks after President Trump indicated Washington was open to direct talks.On the domestic front, the government's outreach to the opposition for negotiations added another layer of clarity, helping the market regain confidence.

Ali Najib, Deputy Head of Trading at Arif Habib Limited (AHL), observed that following Monday's sharp sell-off, the market rebounded amid easing international oil prices and improved Middle East oil flows, which helped restore investor confidence.

On the sectoral front, oil production declined 6.4% week-on-week to 63.7k barrels per day, primarily due to lower flows from northern fields, while gas production fell 1.4% WoW to 2,999 mmcfd, mainly due to reduced output from Mari, Sui and Sharf.On the corporate front, Sazgar Engineering's total sales increased 22% year-on-year to 10,872 units in the first quarter of fiscal year 2026-27, driven by a 45% rise in three-wheeler sales,….

PSX rallies over easing political woes Our Correspondent | Updated 16 seconds ago | Index surges 2,593 points as call for govt-PTI dialogue lifts sentiment.