Shares at the Pakistan Stock Exchange (PSX) recovered nearly 4,000 points on Friday after the index suffered its largest-ever plunge a day earlier, causing losses to the tune of Rs820 billion loss to equity investors following Indian drone attacks in major cities across the country.

The benchmark KSE-100 index climbed 799.65, or 0.77 per cent, to stand at 104,326.46 from the previous close of 103,526.81 at 11:06am.

At 4:31pm, the index recovered 3647.82, or 3.52pc, to stand at 107,174.63 from the last close.

Mohammed Sohail, chief executive of Topline Securities, said that after falling sharply by 6pc yesterday, the stocks had recovered.

“So far, there has been no news of any major escalation which helped restore confidence,” he said.

Yousuf M. Farooq, director research at Chase Securities, noted, “Stocks on the PSX remained volatile today, opening higher as........

© Dawn Business