PSX recovers with 838-point gain amid positive market sentiment
Business
The PSX rebounded with a 0.52% gain, rising 838 points to 161,773. The US dollar dropped slightly to 280.65 PKR, while 1.55 billion shares were traded in a mixed market session.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) rebounded to show a 0.52 percent gain on Wednesday amid modest buying activity.
During intraday trading, the KSE-100 index gained 838.36 points to reach 161,773.49 points compared to previous close of 160.935.13 points.
Meanwhile, the US dollar has slightly depreciated against the Pakistani rupee. According to the Exchange Companies Association, the value of the dollar in the interbank market has decreased by 2 paisa, bringing its price down to 280.65 Pakistani rupees.
A day earlier, the benchmark index witnessed a downward trend, losing 752.05 points, a decline of 0.47 per cent, and closed at 160,935.13 points compared to 161,687.18 points on the previous trading day.
A total of 1,545.928 million shares were traded in the ready market with a value of Rs38.855 billion, compared to 1,214.425 million shares worth Rs41.376 billion in the previous session.
Out of 474 active companies in the ready market, 179 closed higher, 249 declined and 46 remained unchanged.
