Stock market up by 1,000 points

KARACHI: The Pakistan Stock Exchange (PSX) had gained 484.35 points during yesterday’s session. Today, before 1 PM, the index has more than doubled these gains.

PSX has been posting a robust recovery for almost two weeks. Except sporadic downturns in the past fortnight, the index has been staying positive. This week, since Monday, the benchmark KSE-100 index had been posting moderate but consistent gains.

Stock market fluctuates, but stays green

However, on Tuesday, the index closed with 86 points loss. Yesterday (Wednesday), the market once again ended the day on a positive note, and continued the growing trend today (Thursday).

The benchmark KSE-100 index opened at 63,703.44 points and was hovering around 64,703.86 points by 1 PM, showing 1,000 points gains.

Since the beginning of the current week, the top leaders in both the hike and decline have been sectors other than the energy and E&P segments. This marked a positive movement for the index, showing a wider recovery.

The market snapshot at approximately 11 AM looked like this: