Analysts attribute surge to investor confidence returning after a sharp correction and positive market sentiment
(Web Desk): The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Friday, with the benchmark KSE-100 Index soaring by over 2,900 points.
On the last trading day of the week, the market opened on a positive note with an early gain of 1,602 points, pushing the index to 112,929 points. The bullish momentum continued throughout the session, and the index eventually climbed by a total of 2,924 points, reaching a high of 114,250 points.
This sharp rise follows a recent slump in the market. On Wednesday, the KSE-100 Index had dropped by a staggering 3,545 points, closing at 111,326. The market was closed on Thursday due to Labour Day, and Friday's strong rebound marks a significant recovery.
Analysts attribute the surge to investor confidence returning after a sharp correction and positive market sentiment.
Pakistan, Bangladesh to expand cooperation across diverse sectors
- 2 دن قبل
Pakistan targets 7 TTP, ISKP hideouts in border operation
- 2 دن قبل
Security forces neutralise four Indian-sponsored terrorists in Pishin IBO: ISPR
- 17 گھنٹے قبل
Ken Watanabe didn’t think a kabuki movie would work
- 5 گھنٹے قبل
Three Federal Constabulary personnel martyred in terrorist attack in KP’s Karak
- 17 گھنٹے قبل
President, PM urge Scouts to assist Govt in dealing with challenges
- 2 دن قبل
Iran says any US attack including limited strikes would be ‘act of aggression’
- 17 گھنٹے قبل
What are gold rates in Pakistan, global markets today?
- 17 گھنٹے قبل
UN chief decries global rise of ‘rule of force’
- 14 گھنٹے قبل
Super eight: spinners’ magic works as England beat Sri Lanka by 51 runs
- 2 دن قبل
Nintendo’s next big Pokémon presentation is on February 27th
- 5 گھنٹے قبل
T20 World Cup: Pakistan warn England’s flaky batting to expect a trial by spin
- 17 گھنٹے قبل
