- Web Desk
- Today
Stock Market stays positive, posts 800 points growth
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- Web Desk
- Feb 21, 2024
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 grows, despite surrounding uncertainty
On Monday, the stock exchange opened with a plunge again but by the afternoon it had recovered that day’s losses and turned positive. Yesterday (Tuesday) built on Monday’s gains and posted over 750 points gain by noon. However, by the day end most of those gains had deteriorated with the index closing at 60,464.24 points, after opening at 60,459.74 points.
Today (Wednesday), the benchmark KSE-100 index was seen following yesterday’s trend with over 800 points growth within two hours of trading. Around 11 AM, the index was seen hovering at 61,301.62 points.
Like yesterday, the growth 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 modest 4.50 points gain
The market snapshot at noon looked like this: