Pakistan Stock Exchange (PSX) extended gains for the third session in a row on Tuesday, with the benchmark KSE-100 Index surging by 262.30 points (+0.57 percent) to close at 46,407.26 points. The market opened on a sharp negative note amid profit-taking as the KSE-100 Index gained 2,358 points in previous two sessions. The profit-taking kept the market in the red zone for more than half of the session; however, it recovered considerably before closing.
Besides political stability, the other factor that helped the indices make gains was the third consecutive recovery of rupee against the US dollar. The dollar slipped from Rs182.93 in the interbank market to Rs182.02 during the day while the rupee The rupee has recovered Rs6.16 (+3.27 percent) against the dollar during the last three sessions. Overall, the benchmark index has gained 2,620 points in the last three sessions.
The KSE-100 Index moved in a range of 562.8 points, showing an intraday high of 46,459.26 and a low of 45,896.46 points. Among other indices, the KSE All Share Index gained 116.48 points (+0.37 percent) to close at 31,449.52 points, while KMI All Share Islamic Index gained 90.17 points (+0.4 percent) to close at 22,766.79 points.
A total of 365 companies traded shares in the stock exchange, out of them shares of 169 closed up.TLTP
