KARACHI: The Pakistan Stock Exchange (PSX) saw a strong rebound on Friday, with the KSE-100 Index climbing by 2,496.07 points during the trading session.
The index increased by 1.59%, closing at 159,228.94 points, up from the previous close of 156,732.87 points. This recovery came after a significant drop of 1,732 points on Thursday, which had caused concern among investors.
Despite yesterday’s decline, today’s upward movement underscores the market’s resilience and suggests a more optimistic outlook ahead, as investors keep a close eye on economic data and corporate earnings. The positive trend also coincides with news of Pakistan and the Afghan Taliban regime agreeing to extend their ceasefire during talks in Istanbul.
On Thursday, the benchmark index experienced a bearish session, losing 1,732.19 points or 1.09%, and ended the day at 156,732.87 points from 158,465.06 points the previous day. Trading volume reached 848.3 million shares, down from 951.84 million shares, with a total traded value of Rs37.61 billion compared to Rs41.31 billion earlier.
A total of 475 companies participated in trading; 148 saw gains, 293 faced losses, and 34 remained unchanged.
