The Pakistan Stock Exchange (PSX) witnessed a positive rebound on Wednesday, posting a 0.52 percent gain amid modest buying interest from investors.
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During intraday trade, the benchmark KSE-100 index surged by 838.36 points, reaching 161,773.49 points compared to the previous close of 160,935.13 points.
In the currency market, the Pakistani rupee recorded a slight improvement against the US dollar. According to the Exchange Companies Association of Pakistan (ECAP), the dollar depreciated by 2 paisa in the interbank market, bringing the exchange rate down to Rs280.65.
The market recovery follows a weak session a day earlier, when the KSE-100 shed 752.05 points — a decline of 0.47 percent — to close at 160,935.13 points, down from 161,687.18 points on Monday.
Market activity improved on Wednesday, with 1.545 billion shares traded in the ready market at a value of Rs38.855 billion. This compares with 1.214 billion shares worth Rs41.376 billion traded in the previous session.
Of the 474 companies active during the trading day, 179 closed higher, 249 declined, and 46 remained unchanged, reflecting mixed investor sentiment despite the overall market gain.
