The Pakistan Stock Exchange (PSX) closed on a positive note on October 11, 2024, as the KSE-100 index managed to recover from a day-long volatile session. The benchmark index, which initially faced significant selling pressure, rebounded in the final hours of trading, closing at a 0.35% increase.
Market analysts attributed the recovery to renewed investor confidence after the finance ministry’s announcement of new fiscal reforms aimed at stabilizing the economy. Early in the session, concerns over fluctuating global commodity prices and uncertainty around foreign reserves weighed down the market. However, bargain hunting by local investors led to a rally in blue-chip stocks, including those in the energy and banking sectors.
According to experts, the positive close reflects growing optimism about Pakistan’s economic trajectory. The finance ministry’s efforts to attract foreign investment are expected to fuel further growth in the market. The KSE-100 index ended the day at 45,200 points, marking a hopeful turn for the PSX amid global uncertainties.
Topics #Pakistan #trending pakistan
