Stock market rebounds after yesterday’s decline

KARACHI: In a shift from recent positive trends, the Pakistan Stock Exchange (PSX) faced selling pressure yesterday, causing the benchmark KSE-100 Index to conclude the trading day with a slight dip of 225.68 points.

However, today once again the index turned positive and put up more than 300 points gain within two hours of trading. After opening at 65,726.04 points, the index was seen hovering at 66,033.63 points by 11 AM.

KSE-100 closes down 0.34% amid selling pressure

The total trading volume of the benchmark KSE-100 index until 11 AM was nearly 44 million shares, from a range of sectors. This showed an overall improvement in the market not limited to one or few sectors.

A snapshot of the PSX at the time of the filing of this story looked like this: