After a major drop in the early going, the Pakistan Stock Exchange finishes higher.

— The Pakistan Stock Exchange (PSX) witnessed a last hour recovery on Monday as the benchmark KSE-100 Index managed to close in the positive zone following a steep fall in early trading.

Heavy selling pressure was witnessed at the opening of the first trading session of the week with the benchmark index falling over 2,000 points. The KSE-100 Index fell to 173,636 points in intraday trading, indicating the cautious mood of investors.

But purchasing demand came back later in the session and the market was able to wipe out most of its losses before the end.

The KSE-100 Index added 124 points to close at 175,927 points by the end of trade against the previous closing level.

The comeback was a bright spot amid a turbulent day of trading. The benchmark index had closed at 175,802 points at the finish of the previous trading session.

Market watchers said the session saw higher volatility as investors reacted to changing market circumstances before bargain hunting helped push the benchmark index into positive territory.

The Pakistan Stock Exchange has had a roller coaster ride in the last few sessions as investors continue to closely follow domestic economic developments, company earnings and global financial factors that could impact market sentiment in the coming days.