KARACHI: After three consecutive weekly losses, the Pakistan Stock Exchange (PSX) clawed its way back into positive territory, buoyed by political clarity and renewed investor confidence, despite the deteriorating law-and-order situation.
The market opened the week on a positive note. However, two terrorist attacks in Islamabad and Wana the next day shattered investors’ confidence on Tuesday, which triggered panic-selling, inflicting a staggering loss of 3,667.90 points or 2.27 per cent, which dragged the index below 158,000 points. However, in the subsequent session, investors indulged in value hunting as bulls staged a mild recovery in the last two sessions; the market witnessed a massive recovery, pushing t
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