Stock market continues positive momentum from yesterday

KARACHI: The Pakistan Stock Exchange (PSX) wrapped up last week on a downward trend, with the benchmark KSE-100 index shedding nearly 250 points on Friday. On Monday, the index posted negligible gains through the day. On Tuesday (yesterday) however, the index opened on a positive note owing to the central bank’s decision to keep the policy rate unchanged on Monday.

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On Wednesday (today), the benchmark KSE-100 continued the positive momentum and posted over 200 points jump right after opening. The index opened at 65,502.59 points, and jumped to 65,727.72 points. At around 10 AM, the index was hovering around 65,798.29 points.

The upward push came from multiple sectors showing an overall improvement in investor confidence, not limited to a single or few segments of the market.