Stock Market on a road to recovery

KARACHI: At the start of the previous week, the Pakistan Stock Exchange (PSX) staged a robust recovery, following a two-day downturn.

However towards the end of the week, the index had plunged down steeply, with Friday seeing the benchmark KSE-100 opening at 61,020.05 points closing at 59,872.96 points.

Stock Market’s slide nearly 1,000 points before Friday break

Today (Monday), the stock exchange opened with a plunge again but by the afternoon it had recovered that day’s losses and put up negligible gains of 35 points.

After touching the lowest of the morning at 59,191.85 points, by noon, the KSE-100 index was seen hovering at 59,908.79 points, with the E&P sector leading charge.

The market snapshot at 12:45 PM the market looked like this: