Stock market continues to fluctuate, modest recovery expected

KARACHI: The Pakistan Stock Exchange (PSX) experienced a boost early on Tuesday, in line with the trend of recovery in global markets, after bloodbath on Monday.

However, soon after the gains turned into losses internationally as well as at the benchmark KSE-100 index. Towards the end of the day PSX had once again picked up, ending the trading period with a little over 100 points growth.

PSX posts 500 points gains amidst selling pressures

Today (Wednesday), the index opens at yesterday’s closing of 77,191.34 points, amidst continued pressures from the global market, along with domestic eco-political indicators.

Despite that, modest recovery is expected at the bourse today. This is partly fueled by the trend seen yesterday whereby the KSE-100 index was able to resist the deep decline in the international capital markets.