The Pakistan Stock Exchange (PSX) extended gains for the second day in a row on Wednesday amid fall in global crude oil prices, with the benchmark KSE-100 Index gaining 255.87 points (+0.59 percent) to close at 43,975.69 points.
The PSX opened on a positive note and remained positive throughout the session. The KSE-100 Index breached the 44,000 points level during the intraday trading.
However, political instability in the country trimmed a major part of the gains. On the other hand, he Pakistani rupee plunged to all-time lowest level of 179.44 against the US dollar during the day – setting third low in three days – smashing the investors’ confidence. TLTP
