Pakistan Stock Exchange (PSX) opened strong on Tuesday, with the KSE-100 index posting a gain of 631.01 points, marking a 0.78% increase.
The index currently stands at 81,745.21 points, showing robust investor activity following a sluggish start to the week. In the intra-day trading session, the index reached a high of 81,757.61 points and a low of 81,119.24 points.
A total of 96.42 million shares were traded, with the value of shares traded amounting to Rs7.05 billion, market is not closed yet.
Earlier, yesterday, Pakistan Stock Exchange (PSX) experienced a significant drop as the KSE-100 index fell by over 600 points during intra-day trading, closing at 81,114.20 with a decrease of 177.93 points, or 0.22%. The market opened sharply lower at 80,652.71, reflecting a 639.42-point drop (0.79%). Although it hit a session high of 81,321.63 points, the index remained unstable, with a trading volume of nearly 45 million shares and a trade value of Rs.3.4b.
Last week, the market surged past 82,000 points following the approval of a $7 billion Extended Fund Facility (EFF) from the IMF, providing financial relief and unlocking additional funds from other creditors.
