As bulls surge back, the PSX gains more than 1,300 points.

A day after the Pakistan Stock Exchange (PSX) dropped 826 points as a result of investors taking profits, it saw a notable recovery.

During intraday trading, the KSE-100 index benchmark climbed by 1,313.91 points to reach 133,890.89, marking a 0.99% increase from the previous close of 132,576.98.

Early trading showed that investor sentiment was positive, as the index reached an intraday high of 133,890.89, while the session’s low was 132,706.02.

Thus far, market activity has been strong, with 209.6 million shares traded by midday.

Positive economic indicators, investor confidence, and expectations of sustained policy support are cited by market analysts as the reasons for the upward momentum.

The PSX may end the day strongly if this pattern continues.

The benchmark KSE-100 Index saw a bearish trend the day before, dropping 826.20 points, or 0.62 percent, to close at 132,576.99 points compared to 133,403.19 points the previous trading day.

The price of shares was Rs 30.530 billion, down from Rs 42.028 billion on the previous trading day, while a total of 905,743,882 shares were traded during the day, compared to 1,206,524,901 shares the day before.

Of the 478 companies that traded their shares on the stock exchange, 200 saw profits and 254 saw losses, while the share prices of 24 companies stayed the same.