PSX recovers by 800 points after day of losses
Business
PSX rebounded Tuesday after a sharp selloff, with KSE-100 up 848 points to 183,232 amid Asian market gains and AI-driven optimism, despite most stocks ending lower overall
KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) registered modest recovery on Tuesday a day after it suffering massive dip due to selling pressure.
During intraday trading, the KSE-100 gained 848.5 points to reach 183,232.64 points compared to previous close of 182,348.14 points.
Experts said the stock market has rebounded from yesterday as Asian markets climb amid investor bullishness over all things AI.
A day earlier, the benchmark index closed bearish, losing 2,025.52 points, a negative change of 1.10 percent, to settle at 182,384.15 points compared to 184,409.67 points on the previous trading day, according to PSX data.
During the session, the ready market witnessed a trading volume of 1,058.795 million shares with a traded value of Rs 48.237 billion, against 1,033.852 million shares valuing Rs 52.924 billion in the previous session. Market capitalization declined to Rs 20.599 trillion from Rs 20.768 trillion a day earlier.
Out of 481 active companies in the ready market, 161 advanced, 284 declined, while 36 remained unchanged.
