The Pakistan Stock Exchange (PSX) on Wednesday showed slight recovery following Tuesday’s slump as the benchmark KSE-100 Index gained over 300 points.
At close the benchmark index settled at 158,183.94, an increase of 313.44, or 0.2%,
Buying interest emerged across major sectors such as automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration, oil marketing companies (OMCs), power generation, and refineries. Index-heavy stocks, including HUBCO, MARI, OGDC, POL, PPL, FFC, MEBL, NBP, and UBL, all traded in the green.
On Tuesday, however, the Pakistan Stock Exchange (PSX) witnessed a sharp downturn as renewed selling pressure gripped the market, erasing the strong gains from the previous session. The benchmark KSE-100 Index plunged 3,667.90 points, or 2.27%, to close at 157,870.50.
Meanwhile in the currency market, the Pakistani rupee gained further ground against the US dollar, appreciating by 0.05% during early trade on Wednesday.
In the morning session, the rupee was trading at 280.63 per dollar, up Rs0.15 from the previous close.
