KARACHI: The Pakistan Stock Exchange (PSX) experienced a significant rebound following a recent market slump, prompting trading to be temporarily halted due to an upper circuit trigger.
The 100-index surged by 9,303 points, closing at 155,783 points. Trading was stopped for one hour as the KSE-30 Index rose by 6.7%, reflecting a 45-minute suspension to curb excessive volatility.
The market opened positively, with the 100-index initially rising 9,728 points to reach 156,209 points. Global markets also showed gains, including Hong Kong (+1.2%), South Korea (+6.2%), and Japan (+3.2%), indicating a broader regional upswing.
This recovery marks a strong rebound in Pakistan’s equity markets after a short period of decline, reflecting renewed investor confidence and positive sentiment in both local and international markets.
Comments are closed.