Pakistan’s benchmark KSE-100 Index closed sharply higher, gaining 5,159 points to settle at 157,132. This strong recovery came just a day after the market suffered its biggest single-day fall of over 16,000 points.

The rebound of 3.39 percent surprised many investors. However, trading remained highly volatile throughout the session. The index initially slipped nearly 700 points in early trade before turning positive and climbing strongly.

According to Topline Securities, total traded volume reached 770 million shares, while turnover stood at Rs44,300,000,000. Despite the gains, the market swung between an intraday low of 151,258 and a high of 158,217, showing continued nervousness.

Among individual stocks, K-Electric rose 8.81 percent to Rs7,29 with over 74 million shares traded. Worldcall Telecom Limited gained 8.04 percent to Rs1,21. Meanwhile, Pak Elektron Limited fell 9.04 percent to Rs39,33.

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The sharp swings come amid serious global tensions following the assassination of Ali Khamenei in airstrikes by the United States and Israel. The shocking development shook global equity markets and pushed oil and gas prices higher, raising fears of supply disruptions as Iran prepares to respond.

Analysts say the initial panic triggered heavy selling, but investors later reassessed the risks. Many now believe the geopolitical crisis may not escalate into a prolonged conflict.

In simple terms, the market bounced back but fear has not fully disappeared. Investors are still watching global news closely. If tensions rise again, volatility may return quickly. For now, confidence is slowly rebuilding, but caution remains strong.