PSX on the road to recovery

KARACHI: The Pakistan Stock Exchange (PSX) seems to be over the slump and the fluctuations, as Wednesday’s session is the third consecutive day with the benchmark KSE-100 index posting positive movement. On Monday, the index grew by over 1,000 points. On Tuesday, it posted over 1,600 points gains, and today (Wednesday) seems to continue the trend.

The KSE-100 index opened at Tuesday’s closing of 113,010.38 points, and quickly shot up by over 300 points to hover around 113,416.57 points within an hour. Some fluctuation set in, taking the index marginally low, but it quickly recovered.

PSX up 1,000 points after being jittery for days

Around 11 AM, the index was seen hovering around 113,343.15 points. The positive trend seemed to be spread across the market, with almost all industries partaking in the improvement. The market had been going through massive fluctuations, but with the overall stability in the macroeconomic indicators, investor confidence seemed to have returned to the capital market as well.

Around 11:20 AM, the market looked like this: