On Thursday, the Pakistan Stock Exchange (PSX) rebounded strongly, climbing 667 points to reach 78,545 during intra-day trading, marking a 0.85% increase from its previous close of 77,878 points.
This recovery follows a recent decline, where the PSX fell over 100 points on Tuesday amid rising political and economic uncertainties. Concerns about the potential closure of independent power plants (IPPs), reductions in the Public Sector Development Programme (PSDP), geopolitical instability, a weakening rupee, and a significant 36% month-on-month drop in auto sales contributed to the downturn.
Read more: PSX Breaks Records, Reaches All-Time High Of 81,295 Points
Previously, the PSX had achieved a record high of 81,156 points last month, reflecting strong market momentum. Experts attributed this positive trend to factors such as privatization efforts and a staff-level agreement with the International Monetary Fund (IMF).
