Markets Print edition: 2026-03-11

Stocks bounce back sharply

Published March 11, 2026 Updated March 11, 2026 05:25am

KARACHI: Pakistan’s equity market staged a powerful recovery on Tuesday as aggressive buying across key sectors helped the benchmark index recoup a substantial portion of the previous session’s losses, reflecting renewed investor confidence at the Pakistan Stock Exchange.

The benchmark KSE-100 Index surged by 9,696.97 points, or 6.62 percent, to close at 156,177.12 points compared with the previous close of 146,480.15 points.

During the session, the index touched an intraday high of 158,354.13 points while the lowest level recorded during the day was 155,294.66 points, indicating strong bullish momentum throughout the trading hours.

The BRIndex100 closed at 17,599.34 points, registering an increase of 1,312.91 points or 8.06 percent compared with the previous close, with total trading volume standing at around 402.17 million shares.

Similarly, the BRIndex30 ended the session at 61,616.88 points, gaining 4,361.35 points or 7.62 percent from the previous close, with total volume recorded at approximately 268.87 million shares.

Topline Securities noted that after Monday’s negative tone, the local bourse witnessed a powerful comeback as confidence quickly returned to the market.

Bulls dominated the session right from the opening bell, with aggressive buying pressure pushing the index sharply higher and even triggering a temporary trading halt amid intense market activity. Momentum remained strong throughout the session, allowing the index to register an impressive intraday surge.

Topline Securities attributed the rally partly to the State Bank of Pakistan decision to keep the benchmark policy rate unchanged at 10.5 percent, a move that reassured investors and revived risk appetite in equities.

Sentiment also received support from improving global markets and a decline in international oil prices following remarks by Donald Trump, suggesting that tensions surrounding the Middle East conflict could ease in the near term, helping calm concerns about prolonged disruptions in global energy supplies.

Key constituents including Fauji Fertilizer Company, Engro Holdings, United Bank Limited, Hub Power Company and Meezan Bank emerged among the session’s major gainers, collectively contributing around 3,621 points to the benchmark index during the trading session.

Trading activity remained robust in the ready market as investors actively returned to the market following the previous session’s steep losses. Total turnover in the regular market stood at approximately 486.52 million shares, compared with 621.65 million shares traded in the previous session.

The total traded value in the ready market amounted to around Rs31.22 billion, slightly lower than the Rs37.12 billion recorded a day earlier.

Market capitalization rose sharply to approximately Rs17.58 trillion, compared with Rs16.60 trillion in the previous session, indicating a strong recovery in investor wealth.

Market breadth remained strongly positive. Out of a total of 485 companies traded in the ready market, 388 companies closed higher, 43 declined, while 54 remained unchanged.

Among the most actively traded companies in the ready market, K-Electric led the volume chart with 53.27 million shares traded.

The stock closed at Rs7.73. Bank of Punjab followed with 38.63 million shares traded, closing at Rs27.28. Other notable volume leaders included Cnergyico PK Limited with 27.36 million shares traded and a closing price of Rs6.92 and First National Equities Limited with 15.50 million shares traded, closing at Rs1.27.

Among companies posting notable gains in share prices, Unilever Pakistan Foods Limited recorded a sharp increase of Rs1,424.47 to close at Rs25,122.80, while Nestle Pakistan Limited gained Rs185.64 to close at Rs7,899.29.

On the downside, Al-Abbas Sugar Mills Limited declined by Rs58.06 to close at Rs781.86, while Bhanero Textile Mills Limited fell by Rs47.20 to close at Rs860.00.

Sector-wise indices also posted notable gains. The BR Automobile Assembler Index closed at 23,792.04 points, reflecting a net increase of 811.62 points or 3.53 percent, with total turnover of about 1.92 million shares.

The BR Cement Index settled at 10,442.83 points, up by 761.52 points or 7.87 percent, with trading volume reaching around 35.46 million shares.

The BR Commercial Banks Index ended the session at 53,746.02 points after gaining 3,301.74 points or 6.55 percent, with total turnover of approximately 74.18 million shares. The BR Power Generation and Distribution Index closed at 26,366.56 points, posting an increase of 2,156.27 points or 8.91 percent, with trading volume recorded at around 71.57 million shares.

Meanwhile, the BR Oil and Gas Index settled at 13,987.99 points, showing a net gain of 610.35 points or 4.56 percent, with total turnover of roughly 41.11 million shares.

The BR Technology and Communication Index also posted strong growth, closing at 3,149.34 points after rising by 267.64 points or 9.29 percent, with trading activity reaching about 45.17 million shares.

Overall, Tuesday’s trading session reflected a strong rebound in investor sentiment as the market regained a significant portion of the ground lost in the previous session’s historic downturn.

Copyright Business Recorder, 2026