KARACHI – The Pakistan Stock Exchange (PSX) showed signs of recovery on Friday after a massive bearish spell earlier in the week, during which the market shed more than 2,000 points amid a wave of profit-taking by investors.
During intraday trading, the KSE-100 benchmark index fluctuated within a wide range — peaking at 164,698.77 and dipping to a low of 162,411.25 points. The total trading volume reached 315.9 million shares, indicating sustained market activity despite volatility.
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Analysts noted that while the market remains in a narrow trading range, investors appear cautiously optimistic, reflecting a mix of stability and hesitation amid ongoing economic uncertainties.
A day earlier, the benchmark index had fallen by 735.94 points, or 0.45%, closing at 164,530.81 points compared to 165,266.75 points a day prior.
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In that session, 1.57 billion shares were traded with a total value of Rs50.52 billion, down from Rs61.13 billion the previous day. Out of 481 listed companies, 184 advanced, 264 declined, and 33 remained unchanged.
Market experts say that near-term direction will depend on macroeconomic indicators, corporate results, and investor sentiment as the PSX stabilizes after its recent downturn.