Karachi — Pakistan’s benchmark KSE-100 index staged a solid recovery in early trading on Friday, January 30, 2026, climbing 1,746.78 points or 0.96 percent to reach 184,084.90 points by 11:10 am. The rebound came one day after Thursday’s sharp decline of 6,131.53 points, which had dragged the index to a close of 182,338.12. Market participants pointed to bargain hunting and renewed buying interest following the previous session’s heavy correction, though trading remained focused on select counters amid lingering caution.
Broad-based recovery today at PSX, just a day after the market plunged sharply with the KSE-100 losing over 6,000 points (-3.2%) due to corporates losing the super tax case and the reaction to the policy rate not being cut. pic.twitter.com/jIaDRVw2f9
— PakInvestor (@PakInvestor) January 30, 2026
Key Highlights
- Index rose 1,746.78 points (0.96%) to 184,084.90 points at 11:10 am, recovering from Thursday’s close of 182,338.12.
- K-Electric Limited led volumes with 25.65 million shares traded, up 0.7% to Rs7.17.
- PTCL gained 3.51% to Rs62.55 on 16.78 million shares; WorldCall Telecom fell 0.60% to Rs1.66 on 18.07 million shares.
- Top gainers included Apna Microfinance Bank Limited (up 10.01% to Rs17.92), First Tri-Star Modaraba (up 10% to Rs44.21), and Blessed Textiles Limited (up 10% to Rs557.66).
- Thursday’s sell-off was largely triggered by disappointing results from Fauji Fertilizer Company, which fell short of market expectations and sparked profit-taking.
Volatility After Heavy Selling
Analysts linked Thursday’s steep drop to the mismatch between anticipated and actual earnings at Fauji Fertilizer, which prompted investors to book recent gains and fueled broader panic selling. Maaz Mulla, Vice President Equity Sales at Topline Securities, noted that the outcome intensified the correction after a period of upward momentum. Today’s bounce reflects typical post-selloff behavior, with buyers stepping in at perceived value levels.
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Support and Resistance in Sight
Market observers now regard 180,000 as a critical support threshold. A weekly close above 185,000 would be needed to confirm the resumption of the broader bullish trend, they said. The session’s direction will likely depend on whether buying momentum sustains through the afternoon or if fresh triggers prompt another round of caution.
What’s Next
Trading continues into the afternoon, with attention on whether the index can hold or extend gains by close. A stable finish near or above current levels could help restore confidence heading into the weekend. Despite the recent swings, the KSE-100 continues to draw interest from domestic and foreign investors drawn by improving economic signals and corporate activity.
This quick rebound serves as a reminder of the market’s resilience — even after sharp corrections, underlying optimism often finds its way back when value appears.
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