Pakistan, March 3 -- Pakistan's stocks equity index staged a strong recovery on Tuesday, climbing more than 2,000 points a day after suffering one of its sharpest single-session declines amid escalating geopolitical tensions.
The benchmark KSE-100 index at the Pakistan Stock Exchange rose by 2,098.10 points, or 1.38%, to reach 154,071.09 points. The rebound followed Monday's dramatic fall of 16,089.17 points, when the index had closed at 151,972.99 points amid heavy selling pressure.
Market participants attributed the recovery to a technical rebound after panic-driven selling. Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company, said the market had corrected sharply a day earlier, creating room for a bounce.
Maaz Mulla ...
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