PSX sees highest-ever single-day gain; 100-Index up by 4,600 points

Shares at the Pakistan Stock Exchange (PSX) bounced back in style on Wednesday, climbing more than 4,600 points and posting its highest-ever single-day gain, just a day after it witnessed a massive sell-off due to political unrest. The bourse’s remarkable turnaround was made possible by the conclusion of street confrontations between PTI protestors and law enforcement agencies in Islamabad following a grand operation by the latter. The benchmark KSE-100 climbed 3275.22 points, or 3.46 per cent, to stand at 97,849.38 points from the previous close of 94,574.16 at 9:43am. By 1pm, the index increased by 3702.62 points to stand at 98,276.78 points. By the end of the trade session, the index had surged 4695.09 points, or 4.96pc, to stand at 99,269.25, nearing the 100,000 milestone.