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PSX rebounds to close above 170,000 after sharp intra-day losses

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At a glance

  • PSX recovered from a sharp intra-day plunge on Friday, September 11.
  • The KSE-100 index closed up 1,646 points at 170,511.
  • The recovery followed two days of heavy losses linked to geopolitical tensions.

Story so far

The Pakistan Stock Exchange experienced extreme volatility on Friday, September 11. After continuing a two-day losing streak with a sharp plunge of over 2,500 points in the morning, the market staged a dramatic recovery. The KSE-100 index ultimately closed the day positive, gaining 1,646 points to finish at 170,511. The initial sell-off was attributed to investor concerns over Middle East tensions and rising oil prices.

Latest development

The Pakistan Stock Exchange staged a strong recovery on Friday, closing up 1,646 points at 170,511. The rebound followed a steep plunge of over 2,500 points earlier in the day.

Latest updates

After plunging by more than 2,500 points in early trading on Friday, the Pakistan Stock Exchange (PSX) staged a remarkable recovery in the second session.

The benchmark KSE-100 index ultimately closed the day with a gain of 1,646 points, settling at 170,511 and regaining the 170,000-point level. The recovery followed a volatile day where the index had earlier fallen to a low of 166,141 points.

The Pakistan Stock Exchange (PSX) continued its bearish trend on Friday, with the KSE-100 index falling by 2,666 points during morning trade, according to the latest reports. This refines earlier estimates of the drop which was reported to be around 2,624 points.

The Pakistan Stock Exchange (PSX) continued its sharp decline during morning trading on Friday, September 11, with the benchmark KSE-100 index falling by as much as 2,624 points. The index was recorded at a level of 166,141 as the bearish trend from the previous day's session carried over.

Sources and updates

Business Recorder

PSX: Selling continues, KSE-100 sheds nearly 2,600 points

Selling pressure continued at the Pakistan Stock Exchange (PSX) amid escalating geopolitical tensions, with the benchmark KSE-100 Index shedding over 1.5% during the opening minutes of trading on Friday. At 9:50am, the benchmark index was hovering at

Responses

  1. What a rollercoaster. Glad to see it ended in the green, but the volatility is a concern. I wonder what drove the strong recovery in the second session? Institutional buying, perhaps?

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