KARACHI: The Pakistan Stock Exchange recovered on Wednesday after two consecutive sessions of losses, with renewed buying lifting the benchmark KSE-100 Index back above the 175,000-point level.

The index closed at 175,285 points, gaining 1,767 points from Tuesday’s close of 173,518. The rebound followed a steep 6,408-point decline in the previous session.

Trading began on a strong note, with the KSE-100 Index gaining more than 3,000 points and reaching an intraday high of 176,701.

Some of the early gains were reduced by profit-taking later in the session, but the market remained in positive territory through the close.

The PSX rebound ended a two-day losing streak as investors returned to selected shares following the recent market correction.

Market participants linked the recovery to renewed buying interest and bargain hunting after widespread selling had pushed the benchmark sharply lower.

Investors are expected to monitor economic indicators, corporate earnings and policy developments for further direction in the coming sessions.

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