Bulls come back after brief decline in PSX
Business
After a gain of 155 points, the KSE-100 index was trading at 82,000 points
KARACHI (Dunya News) – After a faltering start of the week, the Pakistan Stock Exchange on Tuesday witnessed an upward spiral as bulls continued to rally in the PSX.
After a gain of 155 points, the KSE-100 index was trading at 82,000 points.
Stocks tumble after week-long steep rise
After a week of robust activity at the Pakistan Stock Exchange, stocks tumblied at the start of the week.
After losing 120 points, the KSE-100 index stood at 81,954 points.
ALL-TIME HIGH
Buttressed by the optimism surrounding prospects of a successful deal with the International Monetary Fund (IMF) after the global lender included Pakistan's name in its board meeting scheduled to be held on Sept 25, the Pakistan Stock Exchange (PSX) witnessed an upward trend this past week.
The stock market broke the 82,000-point barrier after gaining 858 points on Friday last, taking the KSE-100 index to a record 82,317 points.
On the other hand, the greenback continued to depreciate against Pakistani rupee while trading at Rs277.70 in the interbank market after losing Rs0.21.
