PSX Opening Bell: Oil Boosts the Bulls

March 10, 2026 (MLN): The Pakistan Stock Exchange (PSX) opened Tuesday’s session on a strong positive note, staging a sharp rebound after Monday’s heavy sell-off.

As of the early trading session, the benchmark KSE-100 Index was recorded at 155,954.47, showing an increase of 9,474.33 points or 6.47%, with the market remaining firmly in positive territory throughout the session so far.

The recovery comes a day after the market witnessed a  decline.

By the close of Monday’s session, the benchmark KSE-100 Index had settled at 146,480.14, registering a steep drop of 11,015.96 points or 6.99%, as investors reacted to surging global oil prices and geopolitical tensions in the Middle East.

However, a sharp rebound comes after oil prices tumbled nearly 10% in international markets, following remarks from U.S. President Donald Trump, who warned Iran against disrupting shipments through the Strait of Hormuz and suggested that the ongoing conflict with Tehran could soon move toward de-escalation.

The drop in oil prices helped ease fears that had triggered Monday’s aggressive sell-off in the local market.

During Tuesday’s early trading hours, the index moved within a range of 914.41 points, touching an intraday high of 156,209.06 (+9,728.92) and a low of 155,294.65 (+8,814.51).

The total volume of the KSE-100 Index stood at 22.44 million shares.

Out of the 100 index companies, 83 traded higher, 3 declined, while 14 remained untraded, reflecting strong market breadth.

Among the top gainers were YOUW (+22.48%), GHGL (+10.01%), AGP (+10.00%), AKBL (+10.00%), and TRG (+9.99%). Meanwhile, top losers included MEHT (-10.00%), PKGS (-9.92%), MUREB (-9.21%), SRVI (-9.03%), and PKGP (-8.70%).

In terms of index-point contributions, companies providing the biggest support included FFC (+878.02pts), UBL (+872.66pts), ENGROH (+661.32pts), LUCK (+473.77pts), and HBL (+469.63pts). On the other hand, NESTLE (-33.66pts) and PSEL (-31.86pts) exerted slight pressure on the index.

Sector-wise, the rally was led by Commercial Banks (+3101.86pts), Fertilizer (+1321.90pts), Cement (+936.95pts), Oil & Gas Exploration Companies (+934.91pts), and Investment Banks / Investment Companies / Securities Companies (+719.25pts).

In the broader market, the All-Share Index stood at 93,276.75, showing a gain of 4,875.61 points or 5.52%.

Trading at the Pakistan Stock Exchange (PSX) has also been temporarily suspended on Tuesday after the KSE-30 Index surged 5% from the previous trading day’s close, triggering an automatic market halt under PSX regulations.

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