KSE-100 recovers intra-day losses to end with 0.74% gain

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index recovered to end with a 0.74% gain on Thursday, while value and volume of shares traded also improved from the previous session.

The index opened on a negative note amidst reports regarding the International Monetary Fund (IMF) programme. Uncertainty meant the KSE-100 slipped below the 43,000 level before a recovery in the second half meant the index finished over 43,500.

At close, the KSE-100 ended with a gain of 318.76 points, or 0.74%, to settle at 43,522.55.

“Political noise has kept investors on the sidelines who are preferring to wait and watch the scenario,” said Capital Stake in its post-market comment.

Political atmosphere in Pakistan has heated up as the opposition’s momentum against Prime Minister Imran Khan on its no-confidence motion gathers pace. It had been earlier reported that National Assembly (NA) Speaker Asad Qaiser has convened the session of the lower house on the opposition’s no-trust motion against Prime Minister Imran Khan on March 25.