Karachi: The Pakistan Stock Exchange (PSX) is experiencing fluctuations with a rise observed on Wednesday. The benchmark KSE-100 index increased by 177 points on the third day of the business week, reaching 59,348.
On Tuesday, the Pakistan Stock Exchange faced an unprecedented frenzy, encountering a deep drop of 2,500 points. This was mainly due to increased uncertainty before the general elections, and the rollover week of futures contracts, creating a volatile situation.
As soon as the market opened, the KSE-100 index plunged into a significant correction, experiencing a deep dip after reaching record highs for an extended period. According to market analysts, the rapid decline in share prices on Tuesday was a significant factor behind the swift recovery on Wednesday.
The fluctuation in share prices on Monday was primarily driven by heightened volatility, with the market witnessing substantial declines.
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