PSX recovers nearly 1,000 points after previous losses

The Pakistan Stock Exchange (PSX) showed a slight recovery on Thursday as the benchmark KSE-100 Index gained nearly 1,000 points after a decline in the previous session.

At the end of trading, the index closed at 171,175.50 points, rising by 984.86 points or 0.58%.

Buying interest was seen in several major sectors, including automobile assemblers, cement, commercial banks, fertilizers, oil and gas exploration companies, oil marketing companies, and power generation firms.

The recovery came a day after the market closed in negative territory due to investor concerns over slow diplomatic progress between the United States and Iran. The uncertainty had triggered widespread selling pressure, causing the index to drop by 831.13 points on Wednesday.

Meanwhile, the government has arranged additional LNG supplies to meet rising energy demand during the summer season. Three LNG cargoes have been secured from Qatar under long-term agreements, along with one cargo from the spot market.

Pakistan LNG Limited (PLL) also invited bids for one LNG cargo on a Delivered Ex-Ship (DES) basis for delivery at Port Qasim, Karachi, scheduled for June 6-7, 2026.