The Pakistan Stock Exchange (PSX) experienced a significant buying rally on Wednesday, with the KSE-100 Index gaining almost 600 points during the early trading hours.

By 11:20am, the benchmark index had reached 119,552.34, marking an increase of 741.35 points or 0.62%.

Key sectors such as commercial banks, oil and gas exploration companies, and power generation saw positive movement, with major stocks including HUBCO, NRL, PSO, and OGDC trading in the green.

This uptick follows a negative session on Tuesday, where the KSE-100 Index fell by 700 points amid concerns over the upcoming budget for the fiscal year 2025-26.

As Asian equities rose on Wednesday, driven by a cautious risk appetite, investors remained focused on geopolitical tensions and economic forecasts.

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Crude oil prices also saw an increase due to supply concerns linked to potential military actions in the Middle East.

Overall, the market sentiment appears to be shifting positively, with hopes of continued upward momentum in the coming days.