Stock market opens with hopes of continued recovery

KARACHI: The Pakistan Stock Exchange (PSX) observed a positive trend on Tuesday, as its benchmark KSE-100 index’s trading session concluded at 75,206.77 points, marking an uptick of 122.77 points.

PSX rebounds, closes in green with 122-point gain

Today (Wednesday), the index opens at the same closing with hopes of continuing recovery after a volatile session.

Throughout the trading day, the index exhibited fluctuations within a range of 524.36 points, with the highest of the day at 75,482.46 points (398.46 points gain) and lowest of the day at 74,958.10 points (125.91 points loss). The trading activity saw a total volume of 159.51 million shares.

The benchmark KSE-100 index was pushed upwards by sectors such as commercial banks, energy, and technology and communication. On the flipside, oil & gas exploration companies, investment banks, securities companies, and fertilizer sectors pushed the market downwards.

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It’s noteworthy that during the fiscal year, the KSE-100 index has witnessed a remarkable gain of 33,754 points. Additionally, the ongoing calendar year has seen a cumulative increase of 12,756 points.