Stock Market slows down but stays positive

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 stays positive, posts 800 points growth

This week has seen the benchmark KSE-100 stay positive for the most part, albeit with a slow rate of growth. On Monday, the stock exchange opened with a plunge but by the afternoon it had recovered that day’s losses and turned positive. On Tuesday, built on Monday’s gains and posted over 750 points gain by noon but deteriorated towards the day end. On Wednesday, the KSE-100 index posted over 1,000 points growth.

Today, like yesterday, the index remained positive but the growth rate was considerably slower. By noon, the index had posted 258 points hike. After opening at 61,559.15 points, the index was seen hovering at 61,817.19 points by 12 PM.

The improvement in the index came from multiple sectors today showing that the positive momentum was experienced by the stock market as a whole and not by any specific sector.

PSX ends day with gain of nearly 1,100 points

The market snapshot at noon looked like this: