PTI Protest Ends, Positive Momentum Restored at Pakistan Stock Exchange
Islamabad:With the conclusion of Pakistan Tehreek-e-Insaf (PTI) protests in Islamabad, the Pakistan Stock Exchange (PSX) saw a significant improvement in market sentiment on Wednesday, following a positive start to the trading day.
According to media reports, the end of the opposition’s protests overnight brought some relief to the stock market, as the bearish trend that had been overshadowing the market began to ease. The PSX’s 100-index saw an increase of 3,618 points, reaching 98,192 points by mid-day. During the morning session, the index even surged to a high of 98,315 points.
At the close of the previous trading day, the index had ended at 98,574 points. The improvement in market performance reflects the market’s reaction to the reduced political uncertainty following the end of PTI’s protest activities.
The market’s recovery is seen as a positive indicator that investor confidence is gradually returning, with hopes of greater political stability leading to improved economic prospects.