After experiencing early selling pressure, the Pakistan Stock Exchange (PSX) saw a bullish rebound on Tuesday, with the benchmark KSE-100 Index surpassing the 134,000 mark during intraday trading.

As of 2:10 PM, the index stood at 134,113.67 points, up by 743.53 points or 0.56%.

“We believe the bull run can extend further—provided key IMF-backed reforms are implemented,” said NBP Funds in its report.

“These include fiscal discipline, broadening the tax base, privatising state-owned enterprises, and phasing out subsidies. While challenging, these steps are critical for long-term macroeconomic stability and sustainable growth.”

Significant selling was observed across key sectors, including automobile assemblers, commercial banks, cement, fertilizer, oil and gas exploration, and power generation.

Notable index-heavy stocks such as HUBCO, MARI, OGDC, PSO, MCB, MEBL, and UBL all traded in the negative territory.

This downturn follows a record-setting performance on Monday, when the PSX surged by 1,421 points, or 1.08%, closing at an all-time high of 133,370 points.

The market’s bullish sentiment had been driven by strong corporate earnings expectations, easing trade-related anxieties, and improved macroeconomic indicators.