Following a 161.61-point or 0.26% rise, the benchmark index closed at 61,226.93.
The Pakistan Stock Exchange (PSX) experienced a significant turnaround on Tuesday after a steep initial drop, with the KSE-100 index plummeting over 1,450 points before beginning a recovery.
Ultimately, the benchmark index closed at 61,226.93, marking an increase of 161.61 points or 0.26% from its intra-day low.
Despite the overall recovery, index-heavy energy stocks such as OGDC, PPL, PSO, and SNGP remained in negative territory.
In addition to the market turnaround, on the corporate front, Allied Bank Limited reported a remarkable profit growth of almost 95% in 2023 compared to the previous year. Furthermore, some market observers attributed the recovery to expectations of the imminent formation of a coalition government.