KARACHI – The Pakistan Stock Exchange (PSX) rebounded on Thursday, recovering from a sharp decline in previous sessions as investor confidence returned to the market.
During intraday trading, the KSE-100 index surged by 822.57 points, reaching 159,287.62 points, marking a 0.52% increase compared to the previous close of 158,465.05 points. The rebound reflected renewed buying activity across key sectors, easing the recent selling pressure that had dragged the market down.
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Market analysts attributed the recovery to positive economic signals and improved investor sentiment, despite the lingering volatility. “Investors appear to be regaining confidence as macroeconomic indicators show stability and foreign inflows strengthen the market outlook,” said one market observer.
A day earlier, the benchmark index had witnessed a steep decline of 1,635.97 points (1.02%), closing at 158,465.06 points, after investors resorted to profit-taking amid market uncertainty.
In Thursday’s session, 478 companies traded shares in the ready market. Of these, 123 recorded gains, 314 sustained losses, while 41 remained unchanged. The trading volume stood at 951.84 million shares, slightly lower than 1,018.74 million shares a day earlier. However, the traded value rose to Rs41.31 billion from Rs36.94 billion, while the market capitalization slipped marginally to Rs18.27 trillion from Rs18.46 trillion.