In a topsy-turvy session the bears were defeated at the Pakistan Stock Exchange (PSX) on Tuesday as the KSE-100 index gained 55 points on the back of bullish global equities after US President Donald Trump’s return to to the White House from hospital.
Earlier, trading kicked off with a short-lived spike, after which the index nosedived close to 500 points in initial hours. The rest of the trading session experienced range bound activity coupled with multiple rises and falls as the index struggled to hold ground. A buying spree towards the end of the session aided the market in recouping losses and closing in the green zone.
At close, the benchmark KSE-100 index recorded an increase of 55.01 points, or 0.14%, to settle at 39,127.48 points.