Stock Market Recovery
The Pakistan Stock Exchange (PSX) made a strong recovery at the end of the week, with the KSE-100 index surging 4,899 points, or 3.13%, to close at 161,632 on Friday.
Despite this, the index registered a decline of 1,672 points on a week-on-week basis.
- The PSX opened the rollover week on a bearish note, shedding 1,140 points (-0.70%) to close at 162,164.
- The market witnessed a turbulent session on Tuesday, with the index falling for the fifth consecutive day, shedding 2,063 points (-1.27%) to settle at 160,101.
The index barely held above the psychological support of 160k.
No specific quote available in the given text.
Author's summary: Stocks rebound after a seven-day slump.
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