PSX rebounds with 1,568-point surge, reclaims 107,000 mark
The Pakistan Stock Exchange (PSX) regained its bullish momentum on Friday, recovering from a three-day slump. The benchmark KSE-100 Index surged by 1,568 points, closing at 107,843 points, reclaiming the critical 107,000-point mark.
The day witnessed significant volatility, with the index initially dipping by 674 points before rebounding into the positive zone. Market experts attributed the recovery to renewed investor confidence and positive sentiment after recent corrections.
Earlier in the week, the PSX experienced notable turbulence, with the KSE-100 Index falling by 427 points on Thursday to close at 105,847 points. During trading that day, the market briefly rose by over 1,200 points before sliding into negative territory, marking one of the most volatile sessions in recent months.
The recovery on Friday comes as a relief for investors, with the market opening on a positive note. By midday, the index climbed 727 points to trade at 107,016 points, maintaining upward momentum throughout the session.
Analysts highlighted that the market’s rebound demonstrates resilience amid challenging economic conditions, with hopes of stability in the coming sessions. Despite recent fluctuations, investors remain optimistic about the PSX’s long-term potential.
