Pakistan Stock Exchange ends day on positive note
The Pakistan Stock Exchange (PSX) Wednesday closed at 29,505.57 after gaining 273.94 points on a day marked by going down as low as 28,902.08 and as high as 29,691.23.
The PSX started the day on a cautious note, but the KSE-100 Index started witnessing stabilisation followed by some more fluctuations.
A total of 157,081,939 shares were traded during the Wednesday’s session.
The KSE-100 Index is down 27.57 percent since January 1.
On Tuesday, the PSX had experienced a bullish trend as it closed the day with the KSE-100 Index at 29.231,63 after gaining 1,208.24 points.
This much-awaited change came as the PSX has been missing any consistency or a high note that could help moving towards wiping out or at least making some of the lost ground in the current month.
However, there is very little hope or evidence that there would any long-term gains in the coming days or weeks due to the coronavirus pandemic which has jolted and paralysed the entire world.
In fact, trade suspension mechanism has been employed on several occasions to stop the downward movement.
During the same period, it has also witnessed the worst single day performance after losing over 2,400 points on March 16.