PSX rebounds as market stabilizes
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 105,946.01 points, gaining 2,419.2 points, or 2.33%, from the previous close of 103,526.81.
The index recorded a low of 103,792.35, still up 265.54 points, or 0.26%, indicating steady upward momentum through early hours.“After falling sharply by 6% yesterday due to drone attacks, Pakistani stocks have recovered and are up 2% in the first 30 minutes of trading on Friday," said Topline Securities CEO Mohammad Sohail."So far, there has been no news of any major escalation helping in restoring confidence,” he added.