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Saturday, December 07, 2024  
05 Jumada Al-Akhirah 1446  

Pakistan Stock exchange sees strong gains after PTI protests end

PSX had closed the previous day down by more than 3,000 points
Photo via X
Photo via X

The Pakistan Stock Exchange (PSX) opened strongly following the conclusion of the Pakistan Tehreek-e-Insaf (PTI) protests, with the 100 Index soaring by over 4,500 points to cross 99,000 points.

The PSX had closed the previous day down by more than 3,000 points, experiencing a brief increase of over 1,700 points during that session before ultimately finishing down by more than 3,500 points at 94,574.

On the third trading day of the week, the market rebounded positively, with the 100 Index climbing significantly, crossing 99,000 points.

Economic analyst Muhammad Sohail noted that the end of the protests was pivotal in halting the decline of the 100 Index.

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Following the conclusion of the opposition’s demonstrations last night, the stock exchange showed considerable recovery.

It is worth mentioning that due to pronounced bearish trends the prior day, the index had fallen below the 95,000 mark.

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PSX

bullion rates

PTi protest cancelled