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KARACHI: The Pakistan Stock Exchange (PSX) saw volatility this week, but it was able to close on the up side. Over the previous week, the benchmark KSE-100 index had a similar pattern.
Read More: Pakistan Stock Exchange: Drops 1,000 points, makes a minor comeback
In the morning on Monday, PSX maintained its Friday gains, but by the end of the day, it was down. The decreasing trend persisted on Tuesday, and it became even more pronounced on Wednesday.
Due to the geopolitical concerns that arose early yesterday morning, the index dropped by more than 1,000 points. By the conclusion of the day, the share market finished at 63,202.40 points, having largely recovered its losses.
Read More : PSX is at last beginning to bounce back
Nearly the whole stock market was observed trading in red yesterday; the decline was attributed to border tensions with Iran, a neighboring country. Due to easing tensions, the index moved positive on Friday, which is today. The index was observed to be sitting at 63,681.69 points, with an almost 500 point improvement observed in the early morning.
Experts predict that the delivery of the IMF tranche and the recovery of the Rupee would support investor mood in addition to this immediate cause.
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