With an 838-point rise, the PSX recovers amid upbeat market mood.

Amid moderate purchasing activity, the Pakistan Stock Exchange (PSX) recovered to post a 0.52 percent rise on Wednesday.

In comparison to the previous closing of 160.935.13 points, the KSE-100 index increased 838.36 points during intraday trade to reach 161,773.49 points.

In the meantime, the value of the US dollar has somewhat declined in relation to the Pakistani rupee. The Exchange Companies Association reports that the dollar’s price has dropped to 280.65 Pakistani rupees due to a 2 paisa decline in the interbank market.

The benchmark index saw a downward trend the day before, dropping 752.05 points, or 0.47 percent, and closing at 160,935.13 points as opposed to 161,687.18 points the day before.

In comparison to 1,214.425 million shares valued at Rs41.376 billion in the previous session, 1,545.928 million shares totaling Rs38.855 billion were traded on the ready market.

179 of the 474 businesses that were active in the ready market closed higher, 249 finished lower, and 46 stayed the same.