PSX bounces back as PTI ends protest

The capital market staged a massive comeback on Wednesday as political nerves calmed after Pakistan Tehreek-e-Insaf (PTI) ended its three-day protest in Islamabad.

The KSE-100 index gaining over 3,500 points during intra-day trading on Wednesday.

At 12:40pm, the benchmark index was hovering at 98,246.14, an increase of 3,671.98 points or 3.88%.

Massive buying was witnessed at the bourse with the index-heavy banking sector leading the rally alongside other sectors including automobile assemblers, oil and gas exploration companies, OMCs and power generation.

Index-heavy stocks including HBL, NBP, MCB, OGDC, SSGC and HUBCO traded in the green territory.

It is worth to mention here that the police and Rangers on Tuesday cleared Blue Area as well as D-Chowk after launching a late night crackdown against PTI protesters headed by Bushra Bibi, the wife of Imran Khan, and Chief Minister Khyber Pakhtunkhwa Ali Amin Gandapur in wee hours of Wednesday.