KARACHI (Web Desk) – Pakistan Stock Exchange (PSX) rebounded on Wednesday after registering bearish trend in previous sessions.
During intraday trading, the KSE-100 index gained over 900 points to reach 189,183 points compared to previous close of 188,202.85 points.
Investors are exercising caution following the State Bank of Pakistan’s decision to maintain the policy rate at 10.5%. The move has left market participants uncertain about the future direction of monetary policy amidst ongoing economic challenges.
In previous session, the benchmark index continued with a bearish trend, losing 384.80 points, a decline of 0.20 percent, to close at 188,202.86 points compared to 188,587.66 points on the previous trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 749.247 million shares with a traded value of Rs 53.061 billion, against 870.446 million shares valuing Rs57.197 billion in the previous session.
Out of 486 active companies in the ready market, 160 advanced, 278 declined, while 48 remained unchanged.
