PSX restored 1,692 points after yesterday’s bloodbath of loosing 2,534 points

The Pakistan Stock Exchange (PSX) a day after witnessing the biggest single-day drop in its history,recovered on Wednesday as KSE-100 index surged by 2.86%, or 1,692.65 points, to close at 60,863.62 level.

Today’s rally came after a historic slump on Tuesday, when the index plunged by 4.11%, or 2,534 points , the biggest single-day drop in its history.

The bearish trend was mainly fuelled by stocks in the exploration and production (E&P), fertilizer, automobile, chemical gas, property, banking sector and refineries.

The total volume of the KSE-100 index was 393.667 million shares. The market witnesses from all-time high of 66,427 points on Dec 12, till now when index lost nearly 11%. The KSE-100 has gained 19,411 points or 46.83% during the current fiscal year.