After two days of selling pressure, the Pakistan Stock Exchange (PSX) saw a strong rebound on Wednesday, with the benchmark KSE-100 Index rising 1,291.14 points, or 0.80%, to settle at 162,226.27. Investor sentiment turned positive, pushing the index to an intra-day high of 162,741.73.
Key index heavyweights such as FFC, PPL, OGDC, PSO, and EFERT led the charge, collectively contributing approximately 1,383 points to the index’s performance, according to brokerage house Topline Securities.
This rally followed a bearish session on Tuesday, when the KSE-100 fell 752.05 points (0.47%), driven by strong selling pressure. The downturn came after two days of losses and prompted investor caution.
Meanwhile, the Pakistani rupee showed slight improvement, closing at 280.66 against the US dollar, up by Re0.01 in the inter-bank market. Trading volume on the all-share index decreased to 1,029.93 million shares, down from 1,545.93 million shares in the previous session. However, the value of shares traded rose to Rs45.18 billion from Rs38.85 billion.
WorldCall Telecom led the volume charts with 160.12 million shares traded, followed by Bank Makramah with 111.70 million and Beco Steel Ltd with 78.67 million. Of the 484 companies traded, 194 saw gains, 244 recorded losses, and 46 remained unchanged.
