Karachi: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on the fifth and final day of the trading week. This positive momentum significantly offset the bearish sentiment of the preceding days, leading to a renewed sense of confidence among investors.
During the trading session, the market’s benchmark 100 Index recorded a substantial gain of 1,015 points, pushing the Index level up to 160,112. This increase comes after the Index had closed at 159,096 points at the end of trading on the previous day.
The Index experienced considerable volatility throughout the day, highlighting the market’s sensitive nature. The 100 Index dipped to a low of 159,005 points earlier in the session but quickly recovered, soaring to a high of 160,305 points before settling.
This surge is attributed to positive market news and increased buying interest following a period of price correction. Analysts suggest that the recent improvement in the market might continue into the start of the next week, although the need for sustained economic stability remains paramount.
