The Pakistan Stock Exchange\u2019s benchmark KSE-100 index on Tuesday recovered by over 1,200 points during intraday trade.<\/p>\n
The index gained 1,245.93 points, or 0.82 per cent, to stand at 153,986.30 points at 12:49pm from the previous close of 152,740.37 points.<\/p>\n
Last week, PSX extended its decline for an eighth consecutive week, with KSE-100 closing lower in a holiday-shortened trading period ahead of Eidul Fitr.<\/p>\n
The market operated for four sessions during the final week of Ramazan, while the current week was also shortened due to the Pakistan Day holiday on March 23.<\/p>\n
Topline Securities Ltd said on March 16 that the KSE-100 index declined 0.73pc week-on-week to close at 152,740 points, losing 1,126 points.<\/p>\n
The decrease was mainly due to rising geopolitical tensions in the Middle East, particularly the US-Israel conflict with Iran, which drove volatility in global energy prices and eroded investor confidence.<\/p>\n
Analysts at Arif Habib Ltd had observed increased volatility throughout last week, driven by ongoing geopolitical uncertainty and selling pressure.<\/p>\n
They had expected market direction to remain tied to geopolitical developments and post-Ramazan sentiment.<\/p>\n
AKD Securities had said investor confidence would depend on progress in easing regional tensions, energy policy measures and developments related to the International Monetary Fund (IMF) review.<\/p>\n
It had also said that any de-escalation in the Middle East conflict could trigger a market rebound, given relatively attractive valuations, with the forward price-to-earnings ratio estimated at 6.6 times.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Pakistan Stock Exchange\u2019s benchmark KSE-100 index on Tuesday recovered by over 1,200 points during intraday trade. The index gained 1,245.93 points, or 0.82 per cent, to stand at 153,986.30 points at 12:49pm from the previous close of 152,740.37 points. Last week, PSX extended its decline for an eighth consecutive week, with KSE-100 closing lower […]<\/p>\n","protected":false},"author":1,"featured_media":17066,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/17065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17065"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/17065\/revisions"}],"predecessor-version":[{"id":17067,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/17065\/revisions\/17067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/17066"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}