KARACHI: Despite escalating tensions with neighboring India, the Pakistan Stock Exchange (PSX) managed to end Friday on a positive note. The KSE-100 index, the benchmark indicator of the PSX, reached an intraday high of 115,844.88 points shortly after trading commenced.
Data from the PSX indicated that the index reached its peak around 9:22 AM, but soon after, a significant sell-off began, driving the index down to an intraday low of 113,716.60 points by 2:46 PM.
Fortunately, there was a prompt recovery, and the index closed the day at 115,469.34 points.
For context, the KSE-100 had a closing value of 115,019.81 points on Thursday. This represents a gain of 0.39 percent for the day, translating to an increase of 449.53 points.
It’s noteworthy that the previous day’s trading was tumultuous, with the index experiencing a drop of over 2,200 points due to the heightened tensions with India.
