PSX adds more than 500 points after opening strongly.

A day after experiencing a bearish trend, the Pakistan Stock Exchange (PSX) saw a good opening on Friday as investors continued to exercise caution.

Compared to the previous finish of 159,096 points, the KSE-100 index jumped more than 500 points in early trade to reach 159,621 points.

Analysts and traders are optimistic that this upward trend will last the entire day, suggesting a potential rebound from the recent drops.

The benchmark KSE-100 Index dropped 481.40 points, or 0.30 percent, on Thursday, causing the stock market to exhibit a bearish trend. It ended the day at 159,096.79 points, down from 159,578.19 points the day before.

While the traded value decreased to Rs30.446 billion from Rs34.848 billion, a total of 957.304 million shares were traded in the ready market, down from 860.262 million shares on Wednesday. From Rs18,271.364 billion to Rs18,220.473 billion, the market capitalization fell.

Of the 476 businesses that were active in the ready market, 47 stayed the same, 230 closed in the negative, and 199 closed in the positive.