Share market surges, then declines, ultimately rebounds

KARACHI: The benchmark KSE-100 index opened at 48,474.54 points on Wednesday morning, and posted almost 200 points gain early in the day, reaching 48,676.48 points.

However, for the first time in almost ten business days, the index has posted a sharp decline of nearly 300 points, before recovering parts of the losses to hover around 48,409.68 points by midday.

Car sales in Pakistan decline by more than 30%

WTL, TRG and PRL were seen leaders in this downfall of the index, with OGDC, PPL and Treet offering stability in the green.

Over 71 million shares have traded hands since Wednesday trading session opened, and went through noticeable fluctuations. By 11:00 am, the recovery seemed to have started taking impact.