Pakistan’s benchmark index, KSE-100, gained 838.67 points from its previous close of 166,258.54 by 10:40am on Wednesday.
This 0.5 per cent rise during early trading comes as the market began to pick up after losing 400 points by 10am.
Volatility persisted in the market on Wednesday, following Tuesday’s particularly turbulent session that saw the index swing from an intraday gain of 1,546 points to a steep decline of 3,783 points as selling pressure intensified.
So far today, the index has touched a high of 168,191.64 and a low of 165,819.42, underscoring continued instability in trading activity.
The top active stocks so far were led by Cnergyico PK Ltd., which rose 12.69pc to Rs7.46 at a volume of 48,242,450, followed by First National Equities Ltd., which rose 3.40pc to Rs1.52 at a volume of 23,490,831, and National Bank of Pakistan, which rose 5.96pc to Rs266.25 at a volume of 16,963,676.
The top advancers so far were led by Media Times Ltd., which rose 15.25pc to Rs5.44, followed by Cnergyico PK Ltd. and Telecard Ltd., which rose 10.87pc to Rs9.28.
The top decliners so far were by textile composite Azgard Nine Non-Voting Ordinary Shares, which fell 11.38pc to Rs6.85, followed by Security Investment Bank Ltd., which declined 10.30pc to Rs7.40, and LOADS Ltd. (R), which declined 6.67pc to Rs0.98.
As analysts debate whether the recent market downturn reflects a natural correction or is the result of rising geopolitical uncertainty, an equally important factor to watch may be the impact corporate earnings reports could have on investor sentiment.
