PSX up 3,400 points as political instability eases

Just as the Pakistan Stock Exchange (PSX) fell over 3,000 points on Tuesday after the opposition party stormed the federal capital, the benchmark index rallied over 3,000 points after party workers finally left the capital. has recovered. Yesterday, the benchmark KSE-100 index closed at 94,574.16 points down from 98,079.78 points.A On Wednesday (today), the index gained 98,160.79 points to gain 3,586.63 points in a few minutes of trading. As a result of the Pakistan Tehreek-e-Insaf (PTI) protests, the supply of petrol started to decrease due to road closures, which further increased the supply of petrol. Also market uncertainty. However, after the protests ended, and roads reopened across the country, investor confidence is also returning.. Wednesday’s morning trading activity showed gains in most sectors, leading to an overall uptick in the market. The number of traded shares also saw a rise. The recovery in the stock market is likely to continue and the business is likely to be bullish throughout the day.