ISLAMABAD: Shares at the Pakistan Stock Exchange (PSX) traded in the green on Wednesday after initial volatility triggered by the final protest call of a political party.
The benchmark KSE-100 Index surged by 3,275.22 points, or 3.46%, to reach 97,849.38 points at 9:43 a.m., up from the previous close of 94,574.16 points.
An expert attributed the market’s recovery to easing concerns over the PTI’s protest after it was called off. “The stock market is rebounding as fears surrounding political unrest subside,” he remarked.
“The market is recovering from a sharp correction as the government successfully dispersed protestors in Islamabad,” he said, adding investor focus had shifted back to positive economic indicators, such as declining interest rates and potential earnings growth.
Analysts advised retail investors to focus on long-term strategies, stating, “Investors should look beyond short-term fluctuations and focus on well-established Pakistani companies with consistent growth in earnings and payouts.”
The PTI announced early Wednesday that it was suspending its Islamabad sit-in “for the time being,” following a day of violent clashes in the Red Zone. The decision came after police and security forces deployed intense tear gas to disperse supporters nearing the barricaded D-Chowk late Tuesday night.
The retreat by PTI leadership, including Bushra Bibi and Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur, occurred after Gandapur was heard advising supporters to “go home, have dinner, and return on Wednesday.”
