PSX bounces back after witnessing bearish trend

The Pakistan Stock Exchange (PSX) on Friday recovered slightly after it witnessed a massive bearish trend during the last few days, reported 24NewsHD TV channel

Until Friday prayers, the PSX’s benchmark KSE-100 index experienced a range of movement, as it reached 164,754.42 after gaining 223.62 points or 0.14% following dipping to a low of 162,411.25.

The total trading volume has reached 884,897,544 shares so far, reflecting a steady level of market activity.

Market analysts are keeping an eye on the continued momentum as the market remained in a narrow range.

Investors are cautiously optimistic, with the index maintaining stability amid the broader economic environment.

Earlier on Thursday, PSX also witnessed a bearish trend, as the benchmark KSE-100 index shed 735.94 points, showing a negative change of 0.45 percent, closing at 164,530.81 points.

A total of 1,570,375,438 shares were traded during the day compared to 1,274,692,822 shares in the previous session, while the share value stood at Rs50.52 billion against Rs61.13 billion previously.

As many as 481 companies transacted their shares in the stock market; of these, 184 recorded gains, 264 sustained losses, and 33 remained unchanged.

 Reporter: Kawish Memon