Pakistan Stock Exchange (PSX) KSE-100 index on Wednesday witnessed strong comeback after historic drop on November 26, 2024 as PSX soared by 3382.77 points to reach 97956.93 points during intra-day trading.
Ex-Director of Pakistan Stock Exchange Amin Yousaf said that as political uncertainty ends the Pakistan Stock Exchange showed outstanding performance while cut in monetary policy already put positive impact on Pakistan Stock Exchange.
The rally was attributed to investor confidence driven by macroeconomic factors, signalling resilience despite a backdrop of political turbulence.
This recovery follows a historic single-day drop on November 26, 2024, when the KSE-100 index shed 3,505.62 points (3.57%), closing at 94,574.16 points. This marked a significant decline from the previous day’s closing of 98,079.78 points.
During trading, a total of 1.11 billion shares exchanged hands, a sharp increase compared to the 640.25 million shares traded on the previous session.
Reporter: Ayaz Rana