After opening the week in the red, stocks recovered on Tuesday, gaining more than 500 points.
According to the Pakistan Stock Exchange (PSX) website, the benchmark KSE-100 index closed at 43,366.78 points, up 540.12 points or 1.26 per cent. The index reached an intraday high of 43,419.59 points around 10:40am.
First National Equities Limited Chief Executive Ali Malik said the decision by the State Bank’s Monetary Policy Committee (MPC) yesterday to keep the policy rate unchanged at 15pc for the next two months came as a “surprise” for the PSX and had increased investors’ confidence.
