Stock Market fluctuates after a day of recovery

KARACHI: In a remarkable turnaround on Tuesday, the Pakistan Stock Exchange (PSX) staged a robust recovery, concluding the session on a positive note following a two-day downturn.

Wednesday continued the momentum, with 926.92 points gain through the trading day. However, Thursday brought some fluctuations again, with a sharp plunge early in the day followed by partial recovery.

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The index opened at 62,153.84 points and touched the lowest of the morning at 61,812.77 points within an hour of opening. However, by 11 AM, the index had turned its movement upwards again. At half past 11, the index was still 116 points lower than opening level of 62,037.22 points.

While most of the top trading companies also turned green, K-electric and WTL continued to remain in red while the benchmark KSE-100 index struggled to recover.

Here is what the market looks at noon on Wednesday: