With a rise of more than 1600 points, PSX recovers and regains the 117,000 threshold.

The Pakistan Stock Exchange (PSX) experienced a notable comeback during intraday trading on Wednesday, following a day of bearish performance.

The KSE-100 index has increased by 1697.54 points, surpassing the 117,000 threshold during intraday trade.

Purchasing activity was noted in essential industries, such as automotive manufacturers, cement, chemicals, commercial banks, fertilizers, oil and gas exploration firms, oil marketing organizations, power generation, and refineries.

On the previous day, the 100-Index persisted in its bearish trend on Tuesday, declining by 202.44 points, a decrease of 0.17 percent, and finishing at 116,052.68 points.

A total of 792,770,655 shares were exchanged today, compared to 819,805,715 shares on the previous trading day, while the share price amounted to Rs 39.694 billion, up from Rs 38.326 billion on the last trading day.

A total of 453 firms traded shares on the stock market, with 133 experiencing gains, 275 incurring losses, and the share prices of 45 companies remaining stable.