PSX rebounds strongly as 169,000-point level restored
Business
The Pakistan Stock Exchange (PSX) made a strong comeback on Thursday, recovering the 169,000-point level after a sharp rally.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) witnessed a robust upward trend on Thursday, as the benchmark KSE-100 Index once again crossed the 169,000-point mark.
At the start of the trading day — the fifth and final session of the business week — the market showed a mixed trend. However, as trading picked up pace, the index surged by more than 1,000 points, reaching 169,641 points during intraday trading.
By the closing bell, the index had strengthened further and settled at 169,864 points, marking a healthy gain of 1,289 points for the day.
This rebound came after the previous session, when the index had dropped by 877 points, closing at 168,574 points. Market analysts say today’s recovery shows that investor sentiment has once again “turned the corner,” with buyers stepping back into the market.