Stocks stage sharp 4% recovery

Stocks stage sharp 4% recovery

Pakistan equities staged a strong recovery during the outgoing week, with the KSE-100 index rallying 4% week-on-week (WoW) to close at 173,939 points, as improving investor sentiment and easing geopolitical concerns supported market momentum. On a day-on-day basis, the PSX commenced the week's first session in the red, when the KSE-100 tumbled by 6,600 points (-3.95%) to close at 160,591, as heightened geopolitical tensions triggered a broad-bas…