KARACHI: At the beginning of the previous week, the Pakistan Stock Exchange (PSX) saw a strong recovery after a two-day decline. However, towards the end of the week, the index fell sharply as the benchmark KSE-100 opened at 61,020.05 points and closed at 59,872.96 points on Friday.
On Monday, the stock market again opened with a decline, but in the afternoon it recovered from the losses of the day and entered positive values. Yesterday (Tuesday) it followed up on Monday’s gains and by midday it had gained over 750 points. However, by the end of the day, most of these gains were eroded and the index closed 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 a gain of over 800 points within two hours of trading. Around 11:00, the index moved to 61,301.62 points.
Like yesterday, today’s index growth came from multiple sectors, which shows that the positive dynamics was experienced by the stock market as a whole and not by any specific sector.
