KARACHI: The Pakistan Stock Exchange (PSX) experienced a notable recovery on Friday, with the benchmark KSE-100 Index rising by 2,496.07 points during intraday trading.
The KSE-100 index recorded a positive change of 1.59 percent to reach 159,228.94 points compared to previous close of 156,732.87 points.
This followed a sharp decline of 1,732 points the previous day, which had sent shockwaves through the market.
Despite yesterday’s loss, the PSX’s recovery today highlights the market’s resilience and its potential for a positive outlook moving forward, with investors closely monitoring economic indicators and corporate earnings.
The bullish trend comes as Pakistan and the Afghan Taliban Regime agreed to extend ceasefire in talks held in Istanbul.
A day earlier, the benchmark index witnessed bearish trend on Thursday, losing 1,732.19 points, a negative change of 1.09 percent, closing at 156,732.87 points against 158,465.06 points on the previous trading day.
A total of 848.303 million shares were traded compared to 951.840 million shares on previous day, whereas the total value of shares traded was recorded at Rs37.61 billion against Rs41.31 billion.
As many as 475 companies transacted their shares in the stock market; 148 recorded gains, 293 sustained losses, and 34 remained unchanged.
