PSX tests resistance after sustained recovery
The Pakistan Stock Exchange (PSX) saw a significant rally, with the KSE-100 index gaining nearly 770 points. Despite the growth, the market is approaching a key resistance zone amid ongoing geopolitical and economic uncertainties.
Why it matters
Market performance in Pakistan reflects broader regional economic sentiment and investor reaction to geopolitical tensions in the Middle East.
--> Home Business PSX tests resistance after sustained recovery Extends rally with rise of 769 points as KSE-100 approaches 167,000
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> KARACHI: Pakistan Stock Exchange (PSX) extended its recovery on Thursday, with the benchmark KSE-100 index gaining almost 770 points to close near 166,190, as renewed buying in index-heavy stocks lifted sentiment. However, the market approached a key resistance zone of 167,000-168,000 points, while fluctuations in international oil prices and geopolitical uncertainties remained key risks.
At the close of trading, the KSE-100 index posted a rise of 768.66 points, or 0.46%, and settled at 166,186.17.
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