PSX recovers after a day of turmoil, soars above 99,000 mark
Business
KSE-100 index eventually closed at 99,269 points with an increase of 4,695 points
KARACHI (Dunya News) – Bulls returned to the Pakistan Stock Exchange (PSX) on Wednesday after crashing a day earlier amid political uncertainty.
The KSE-100 index had seen ups and downs in the last few days amid political uncertainty.
On Wednesday, it eventually closed at 99,269 points with an increase of 4,695 points or 4.96pc.
At the start of business, the KSE-100 index reached 98,160 points after gaining hefty 3,357 points. The index plunged by 3,506 points on Tuesday and closed at 94,181 points.
It may be noted that the business started on the negative note on Tuesday and the KSE-100 index decreased by 541 points to 97,538. Later, the market witnessed a boom and the KSE-100 index crossed the 99,000 mark. At one point, the index reached 99,820 points after an increase of 1,642 points.
POSITIVE BEGINNING
The PSX began the first day of the week (Monday) on a positive note as the KSE 100-index surpassed 99,000 mark.
At one point, the KSE-100 index, with an increase of 1,294 points, touched 99,092 figure amid robust trading.
However, it came down to 97,954 around 11:30 am. The figure oscillated and eventually the stocks closed at 98,089.
