The Pakistan Stock Exchange (PSX) witnessed a mixed start to trading, with fluctuating trends marking the day's activities. While the morning session began on a positive note, later developments saw a shift in momentum.
In the initial hours of trading, the PSX saw a surge in activity, with the benchmark KSE-100 index rising by 286 points, reaching a trading level of 72,888. This upward movement was met with cautious optimism from investors, buoyed by positive market sentiment.
However, as the day progressed, a reversal in fortunes was observed, as the KSE-100 index experienced a decline. It reported a decrease of 80 points in the index, with trading settling at 72,521.
Also Read: PSX sees surge in KSE-100 index, trades close to 73,000 points
On Wednesday, the PSX witnessed a notable increase of 194 points in its benchmark KSE-100 index. This surge reflects positive market sentiment and investor confidence in the country's economic outlook.
The KSE-100 index is reported to be trading at the level of 72,958 points, marking a substantial rise from previous sessions. However, just a short while later, it further gained 220 points and was trading at 72,981 points.
Analysts attribute this uptick to various factors, including improved macroeconomic indicators, positive corporate earnings, and favourable government policies aimed at bolstering the economy.
