Karachi (TDI): After a dramatic slump of more than 3,500 points on Tuesday, the Pakistan Stock Exchange (PSX) made a strong recovery, with the KSE-100 index climbing by 3,741 points on Wednesday.
PSX Hits
According to data from the PSX, the market opened on a bullish note, with the benchmark index surging over 3,700 points by 9:30 AM local time.
By 10:30 AM, the KSE-100 stood at 97,850.93 points, marking a 3.46% gain—up by 3,276.77 points from the previous day’s close of 94,574.16 points.
The rally was driven by a combination of factors, including decisive actions by law enforcement agencies late Tuesday night to clear key protest sites such as Blue Area and D-Chowk, as well as the government’s decision to remove the Minimum Profit Rate (MPR) for conventional bank deposits.
Market analysts attributed the surge to a mix of positive investor sentiment, favorable macroeconomic indicators, and expectations of economic stability moving forward.
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“This rally reflects a sharp market rebound, likely fueled by anticipations of favorable policies and a stabilizing financial environment,” said Rizwan Alam, a market expert.
