The Pakistan Stock Exchange showcased a robust performance on Tuesday, closing over 1200 points higher, as highlighted by Ahmed Chinoy, an economic analyst and director at the exchange.

Chinoy noted the market’s initial volatility, moving from a rapid start to a temporary dip before rebounding positively. The KSE100 index reported a historic trading volume, with transactions worth forty-three billion rupees, reflecting growing investor engagement, he added.

The market’s performance metrics underscored this positive trend. The KSE30 index rose to 36,301.66, while the KSE100 index ended at 118,575.89, marking an increase of 1.29% and 1.09%, respectively. The day’s turnover was notable, with the ready market witnessing over 684 million shares traded, valued at approximately 52.6 billion rupees.

A breakdown of the market activity showed that 221 companies recorded gains, 194 posted losses, and 47 remained unchanged in the ready market. In the future market, 195 companies saw gains against 123 declines.

Among the top-performing companies, Maple Leaf Cement and Oil and Gas Development Company experienced significant turnover, reflecting investor interest. Conversely, companies like Rafhan Maize Products and Nestle Pakistan saw a decrease in their rates.

Ahmed Chinoy expressed optimism about the market’s future, emphasizing the improved position of investors and predicting continued stability.