Shares at PSX rebound as investor confidence returns

Shares at the Pakistan Stock Exchange (PSX) bounced back on Friday after a steep plunge on Wednesday.

The benchmark KSE-100 index increased by 2,787 points, or 2.5 per cent, to close at 114,113.93.

On Wednesday, the market had plunged by more than 3,500 points.

Yousuf M Farooq, director research at Chase Securities, noted, “The market is tracking India-Pakistan tensions, and some news flow has indicated de-escalation, prompting a rebound today.”

He continued that investors...