KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) staged a recovery on Wednesday after witnessing bearish trend in previous two consecutive sessions.
The KSE-100 benchmark index has gained 715.16 points to reach 149,150.22 points, marking an increase of 0.48 percent from previous close of 148,435.06 points.
Market analysts attribute the recovery to selective buying in major sectors and renewed investor confidence.
A day earlier, the benchmark index recorded bearish trend, losing 380.24 points, a negative change of 0.26 percent, closing at 148,435.06 points against 148,815.31 points last trading day.
A total of 665,420,243 shares were traded during the day as compared to 693,301,556 shares the previous trading day, whereas the price of shares stood at Rs 31.543 billion against Rs 26.343 billion on the last trading day.
As many as 479 companies transacted their shares in the stock market, 196 of them recorded gains and 256 sustained losses, whereas the share price of 27 companies remained unchanged.