KSE-100 rockets over 2,000 points amid market recovery

Current account posts $42.7M surplus in February amid rising exports and remittances.

Pakistan Stock Exchange staged a strong recovery on Tuesday, with the KSE-100 index posting substantial gains.

Trading began on a positive note, and the benchmark index jumped over 2,000 points, reaching the 151,000 level. This rebound follows a steep drop in the previous session, when the KSE-100 closed 4,687 points lower at 149,178.

Early trading optimism signals renewed investor confidence as the market attempts to recover from recent losses.

Meanwhile, Pakistan’s current account posted a record surplus of $42.7 million in February, up from $6.8 million in January, according to the State Bank of Pakistan (SBP). Exports totaled $2.48 billion, imports were $5.15 billion, and remittances contributed $3.288 billion.

The SBP noted that during the first eight months of the current fiscal year, the current account recorded a cumulative deficit of $700 million, compared with a $479 million surplus in the same period last year.