The Pakistan Stock Exchange (PSX) showed a modest rebound on Tuesday as the KSE-100 Index gained 111.78 points, or 0.09%, closing at 118,332.90. This small recovery followed a steep fall of nearly 882 points on Monday, signaling a cautious return of investor confidence amid ongoing fiscal uncertainty.
Market activity remained subdued, with investors largely adopting a wait-and-see approach ahead of the upcoming federal budget and clarity on the IMF’s stance regarding Pakistan’s circular debt reduction plan. Brokerage house Ismail Iqbal Securities noted that without clear triggers, most participants stayed on the sidelines.
Sector performance was mixed, with top gainers including RUBY, UCAPM, FPRM, and DWTM, while stocks like NCMLNC, AKDHL, LSEFSL, and PMRS saw losses. The most actively traded shares were K-Electric, WorldCall Telecom, Pakistan Telecommunication Company, and Telecard Limited.
Globally, Asian markets dipped slightly, while US futures edged higher after former President Donald Trump delayed proposed tariffs on EU imports. The US dollar continued its downward trend, heading for a fifth consecutive monthly loss.
Investors are now focused on the federal budget for FY26, expected on June 10, with speculation around new taxes and reforms continuing to shape market sentiment.