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PSX continues recovery as KSE-100 index gains 2,600 points in early trade – Business
The Pakistan Stock Exchange’s benchmark index continued to recover on Thursday as it surged by around 2,600 points during early trade.
The KSE-100 index gained 2,604.49 points (1.49 per cent) by 11:04am to stand at 177,890.27 points from the previous close of 175,285.78.
The sustained positive momentum comes after the stock market witnessed value-hunting by equity investors on Wednesday, partially recovering losses from Tuesday’s bloodbath.
On Tuesday, the KSE-100 index lost 6,408.23 points due to panic-driven selling amid renewed fighting between the United States and Iran, which heightened concerns about energy flows through the Strait of Hormuz.
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