PSX regains ground after yesterday’s slump

KARACHI: The Pakistan Stock Exchange (PSX) closed Tuesday’s session with 85 points loss, closing at 112,924.93 points. Wednesday’s session opened with notable jump, and within an hour, it grew to 113,378.05 points, hovering 453.12 points above opening level.

The benchmark KSE-100 index has been going through fluctuations for the past several weeks. Analysts are of the opinion that while the macroeconomic indicators are lending strength to the market sentiment, the political and judicial heat is causing investors to remain cautious.

PSX on the road to recovery

Monday and Tuesday brought notable gains for the bourse, as both sessions closing with above 1,000 points. Wednesday’s session brought some market correction, but the bullish trend seems to have returned on Thursday.

The positive trend seemed to be spread across the market, with almost all industries partaking in the improvement. More significantly, the banking sector, telecom sector and the energy sector seemed to be pulling the capital market up on Thursday morning.

Around 10:00 AM, the market looked like this: