Pakistan Stock Exchange recovers amid investor confidence

The Pakistan Stock Exchange (PSX) saw a strong recovery on Thursday, gaining over 700 points as the KSE-100 index reached 112,194.76 points, up by 0.63%. This positive movement came as investors showed interest in sectors like automobiles, cement, chemicals, and oil and gas.

The market boost follows news that a US business delegation, led by billionaire Gentry Beach, plans to invest billions of dollars in Pakistan in areas like minerals, real estate, energy, and technology. Beach mentioned that these investments are part of President Donald Trump’s focus on economic diplomacy.

Despite a drop of 543 points the previous day, when the KSE-100 index closed at 111,487.36 points, the overall market sentiment remains hopeful, with over 449 million shares traded.