PSX climbs back to 170,000-point mark on solid rally

The benchmark index of the Pakistan Stock Exchange (PSX) once again surpassed the 170,000-point mark, indicating that the PSX saw a robust recovery on the second trading day of the week.

A dramatic bullish trend was noticed in the stock market at the beginning of trade, with the index gaining more than 2,000 points and reaching the level of 171,006 at the same time.

It is important to recognise that the benchmark index had finished the previous trading session at 168,953 points, following a decrease of 1,525 points. This is something that should be mentioned.

The recovery is attributed by market observers to the resurgence of investor confidence as well as the optimistic trading sentiment that prevailed at the beginning of the new session.