Staff Reporter
Karachi
The Pakistan Stock Exchange (PSX) experienced a roller coaster ride on Tuesday as the KSE-100 index climbed in early hours and plunged by closing time, ending the session marginally lower than the morning. Encouraging data of large-scale manufacturing, which depicted growth of 5.46% for July-October 2020, failed to entice market participants to maintain the uptrend till the end of the session.
Earlier, trading kicked off on a positive note and a rally in initial hours helped the KSE-100 index gain close to 400 points. In final hours, however, profit-booking emerged as investors offloaded stocks at a rapid pace, which pulled the market down and wiped out all the gains.
At close, the benchmark KSE-100 index recorded a decrease of 15.38 points, or 0.04%, to settle at 43,250.84 points.
