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KARACHI: The Pakistan Stock Exchange (PSX) traded in a positive zone on Thursday, with the benchmark KSE-100 Index up over 800 points.
The trading in bullish trend came after the announcement of the International Monetary Fund (IMF) to lend a $1.4 billion loan to Pakistan next week.
On the fourth trading day of the week, the KSE-100 Index traded at 31,755.97 points with a positive change of 793.20 points and a percentage change of 2.56 percent.
However, the PSX observed a bearish trend on Wednesday as the stock market seek to regain control by suffering weeks uncertainty and market rout due to coronavirus pandemic. The benchmark KSE 100 index witnessed a decline of 260.29 points, a decrease of 0.83 percent, to close at 30,971.27 points.
The bourse regained the 31,000 points level but could not maintain control and declined before trading was suspended. The total volume of scripts was 153.088 million valued at Rs5.53 billion, showing a significant decline.
The stock market is witnessing an upside-down week as bulls and bears seek to gain control of the stock market. The stock exchange rebounded on Tuesday registered a healthy gain of 652.40 points, recovering much of the losses during the day.
Read more: PSX soars by 1277 points as stock market regains 30,000 level
