KSE-100 Index Rallies as PSX Closes Positive After Volatile Session

The Pakistan Stock Exchange (PSX) ended on a positive note on October 11, 2024, with the KSE-100 index recovering from a day-long slump to post a 0.5% gain by the close. The benchmark index, which faced selling pressure earlier in the session, rebounded after investors showed renewed interest in banking and energy sector stocks.

Analysts pointed out that the market’s recovery was driven by improved investor sentiment following encouraging news regarding Pakistan’s foreign exchange reserves. Local investors capitalized on the dip to buy blue-chip stocks at discounted prices, which helped the market bounce back. Additionally, some sectors benefited from expectations of upcoming reforms by the government aimed at attracting foreign investments.

The KSE-100 index closed at 45,800 points, showing resilience despite ongoing global uncertainties. Market experts believe the PSX may see further growth as investor confidence builds on potential economic stabilization measures.

By Web Desk

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