KARACHI: The Pakistan Stock Exchange (PSX) opened on a positive note on Friday, rebounding after a bearish session the previous day. The KSE-100 index gained over 500 points in early trading, reaching 159,621 points compared to Thursday’s close of 159,096 points.
Traders and analysts expressed hope that the upward momentum could continue throughout the day, signaling a possible recovery following recent declines in the market. Market activity showed a mix of optimism and caution among investors.
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On Thursday, the PSX had faced a bearish trend, with the KSE-100 Index dropping 481.40 points, a decrease of 0.30%, closing at 159,096.79 points compared to 159,578.19 points on Wednesday. Market capitalization fell from Rs18,271.364 billion to Rs18,220.473 billion.
Trading volumes increased slightly, with 957.304 million shares exchanged in the ready market compared to 860.262 million on Wednesday, though the traded value decreased from Rs34.848 billion to Rs30.446 billion.
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Out of 476 active companies, 199 closed in the positive, 230 in the negative, and 47 remained unchanged, reflecting cautious sentiment among investors as they monitor market trends.