PSX jumps 5,449 points in spectacular rally
The Pakistan Stock Exchange (PSX) staged a powerful rally on Tuesday as investors returned from the long weekend with renewed buying interest, driving the KSE-100 index up by over 5,400 points amid support from strong remittances and easing international oil prices. The benchmark index settled at 179,335.24, surging 5,448.56 points, or 3.13%. It remained in positive territory throughout the session and touched the intra-day high of 179,424.04, while the day's low was 176,273.72. The market reopened following a public holiday on Monday on account of Iqbal Day. The return of investors coincided with improving domestic and international developments, triggering across-the-board buying.