KARACHI: The Pakistan Stock Exchange (PSX) staged a strong recovery on Wednesday, rebounding from early losses as investor sentiment improved later in the session.
After a cautious start that pushed the benchmark KSE-100 Index below the 160,000 mark to 159,406 points, the market regained momentum. By midday, the index climbed 589.10 points to close at 160,690.12 — a 0.37% increase from the previous day’s close of 160,101.02 points.
The rebound followed Tuesday’s steep decline when the KSE-100 had shed over 2,060 points, or 1.27%, amid profit-taking and uncertainty in the broader market.
According to PSX data, 476 companies traded their shares during the session. Out of these, 113 recorded gains, 324 closed lower, and 39 remained unchanged.
The overall trading volume rose slightly to 1.018 billion shares from 1.006 billion a day earlier, while the total traded value improved to Rs36.94 billion compared to Rs34.82 billion in the previous session.
Despite the intraday recovery, overall market capitalization declined from Rs18.70 trillion to Rs18.46 trillion, reflecting continued volatility and selective buying by investors.
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