Pakistan, June 17 -- The Pakistan Stock Exchange (PSX) showed strong positive momentum on Tuesday as the KSE-100 Index gained nearly 650 points. At 11:40am, the benchmark index stood at 122,870.73, marking a 0.53% rise. This rise came as investors showed renewed interest in key sectors after a period of mixed trading.

Buying activity returned in major sectors such as automobiles, cement, oil and gas, commercial banks, and refineries. Index-heavy stocks like HUBCO, ARL, PSO, and MARI led the rally. This widespread buying pushed the market upward, reflecting growing investor confidence.

Meanwhile, the Monetary Policy Committee of the State Bank of Pakistan decided to keep the policy rate unchanged at 11%. The MPC said inflation in May was...