|
Getting your Trinity Audio player ready...
|
On Wednesday, the Pakistan Stock Exchange (PSX) staged a robust recovery, with the benchmark KSE-100 index surging by 2.86% or 1,692.65 points, concluding at the 60,863.62 level.
Read Also: Pakistan Stock Exchange Faces Significant Downturn with 1,900 Point Loss
This rebound followed a historic downturn on Tuesday, witnessing the index plummet by 4.11%, equivalent to over 2500 points, marking the most significant single-day drop in its history.
The resurgence was fueled by widespread value buying, particularly in sectors with substantial index weight, such as automobile, chemical, banking, fertilizer, oil and gas, property, and refineries.
Investors displayed resilience by disregarding the recent market volatility experienced over the past two weeks, during which the index saw a nearly 10% decline from its all-time high of 66,427 recorded on December 12.