Pakistan Stock Exchange recovers with 779-point gain

The Pakistan Stock Exchange (PSX) staged a recovery on Wednesday, with the benchmark KSE-100 Index closing 779.34 points higher, representing a 0.47% gain. The index settled at 165,930.98 points.

The session was characterized by significant volatility. The market opened positively, reaching an intraday high of 166,242.43 points. However, momentum weakened mid-session, causing the index to slip into negative territory and hit an intraday low of 164,999.59 points before buyers returned in the final hours to drive the rebound.

This recovery follows a period of consecutive losses. On Tuesday, the KSE-100 Index dropped 814.44 points (0.49%) to close at 165,151.64 points, reversing an initial rally. This followed a decline on Monday, where the index fell 453 points, as investors reacted to domestic macroeconomic conditions and geopolitical developments.