PSX continues recovery as KSE-100 index gains 2,600 points in early trade

The Pakistan Stock Exchange’s benchmark index continued to recover on Thursday as it surged by around 2,600 points during early trade.

The KSE-100 index gained 2,604.49 points (1.49 per cent) by 11:04am to stand at 177,890.27 points from the previous close of 175,285.78.

The sustained positive momentum comes after the stock market witnessed val­ue-hunting by equity investors on Wednesday, partially recovering losses from Tuesday’s bloodbath.

On Tuesday, the KSE-100 index lost 6,408.23 points due to panic-driven selling amid renewed fighting between the United States and Iran, which heightened concerns about energy flows through the Strait of Hormuz.

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