PSX rebounds with 1.6% gain in range-bound market activity

Despite some recovery in the Pakistan stock market in the outgoing week, investor caution prevailed as the index was unable to break through its key resistance level of 113,500.

The week ended with a gain of 1,762 points or 1.6% to close at 112,085.

The lower-than-expected half-year results of PSO stalled the recovery momentum, with second-quarter earnings reported at Rs15.35, falling short of market expectations.

Join Nukta's Shuja Qureshi on Stock Watch as he speaks with Yasin Kodvavi, Director of Equity at Optimus Capital Management Limited, about current investor sentiment and market outlook.