Thursday’s recovery in the capital market ended a three-day losing run as investors seized on favorable valuations after a significant correction.
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) ended the day at 113,206.40, up 1,719.04 points (1.54%) from the closing of the previous session at 111,487.36. The index reached its greatest point of the day at 113,400.56, and its lowest position was 111,805.66.
“Market, after a deep correction is recovering, sustainability is still to be seen, but the dull activity is due to investors awaiting key results over the next few days,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities, in response to the recovery.
Investors are keeping a tight eye on the market since worries about whether it can maintain its upward pace persist despite the recovery.
