The capital market opened on a strong footing Friday, regaining some lost ground after a steep sell-off in the previous session.

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged to an intraday high of 113,928.51, gaining 2,601.94 points or 2.34% from the previous close of 111,326.57.

The session’s low was recorded at 112,820.07, still up by 1,493.50 points or 1.34%.

On Wednesday, the KSE-100 index had closed deep in the red, falling by 3,545.61 points or 3.09% to end the day at 111,326.57. The day’s high stood at 114,066.13 points, while the low touched 110,631.84 points, marking one of the sharpest single-day declines of the year.

This is a developing story and is being updated with more details