The Pakistan Stock Exchange (PSX) recovered robustly on Friday, climbing 2.36% after Thursday’s steep sell-off. The KSE-100 Index soared 2,627.98 points to an intraday high of 114,250.59, rebounding from geopolitical tensions that shook investor confidence.
The KSE-100 Index, a key benchmark for the PSX, rose sharply from Thursday’s close of 111,326.57, reaching 113,954.55 by 12:40 pm. Investors seized bargain-hunting opportunities, boosting market sentiment after a volatile session driven by fears of conflict with India. The rebound reflects resilience amid challenging conditions.
On Thursday, the PSX faced a severe downturn, with the KSE-100 Index dropping over 3,500 points, an exceeding 3% decline. Escalating tensions with India, fueled by Information Minister Attaullah Tarar’s warning of potential military action within 24-36 hours, triggered widespread panic. Global media, including Bloomberg, reported Pakistan’s stock underperformance, rupee fluctuations, and falling dollar bonds.
Read: Pakistan’s KSE-100 Index Drops 2,500 Points
Friday’s rally highlights several positive developments. The Pakistan Stock Exchange’s strong rebound, with the KSE-100 Index gaining 2.36%, showcases investor resilience after a geopolitically driven sell-off. As market sentiment stabilises, the PSX’s performance remains a focal point for Pakistan’s economic outlook. Continued monitoring of regional tensions will shape future trends.
