After starting the trading week on a bearish note, the Pakistan Stock Exchange (PSX) rebounded significantly on Tuesday. The PSX surged by 964 points, representing a 1.21% increase, raising the index from the previous closing of 78,539 points to 79,503 points.
Yesterday, the KSE 100 Index experienced a sharp decline of 1,578 points, or 2.01%, closing at 78,539 points, just three days after reaching an all-time high of 81,800 points during intraday trade.
The market opened with a decline of 391 points yesterday, bringing the index down to 79,726 points. As the day progressed, the PSX saw a further drop of 517 points, causing the KSE 100 Index to fall further to the 79,600 points level.
On Friday, the stock market experienced a severe downturn and dropped by 1,721 points to reach 80,117 points. However, it recovered shortly by Sunday, when bulls staged a comeback, pushing the KSE-100 index to an all-time high above 80,000 points.
