Equities recover 757 points after four sessions

Better-than-expected inflation reading for February provided a stimulus to the Pakistan Stock Exchange (PSX) to break the four-session losing streak as equity investors resorted to value-hunting, anticipating a more significant rate cut in the upcoming monetary policy review, propelling the benchmark KSE 100 index above 112,000 on Tuesday. Topline Securities Ltd said after enduring a bearish spell, the bulls made a strong comeback, driving the benchmark index to an intraday high of 890 points and a low of 269 points. By the closing bell, the index settled at 112,743 points, gaining 756 points or 0.68pc day-on-day. Investor sentiment improved significantly, fuelled by positive economic data as annual inflation continued its downward trajectory, reaching a nearly decade-low of 1.5pc year-on-year in February.