PSX gains 48 points in volatile, low-volume session

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The Pakistan Stock Exchange (PSX) managed to close in green in a range-bound session on Monday, with the benchmark KSE-100 Index gaining 47.94 points (+0.11 percent) to close at 43,280.77 points.

The market opened on a positive note but remained volatile throughout the session. The buyers were seen active in the last one hour trading; however, volumes remained low due to lack of fresh triggers.

The investors welcomed the arrival of a $3 billion deposit from the Kingdom of Saudi Arabia, which is likely to give some support to the depreciating rupee and appreciation of the local currency against the greenback during the session supported this view.

The KSE-100 Index moved in a range of 584.25 points, showing an intraday high of 43,556.27 points and a low of 42,972.02 points. Among other indices, the KSE All Share Index gained 9.87 points.

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