PSX sees volatility as benchmark index closes in positive territory
Business
The Pakistan Stock Exchange (PSX) experienced a roller-coaster session on Tuesday, with the KSE-100 Index swinging between gains and losses.
KARACHI (Dunya News) The Pakistan Stock Exchange (PSX) witnessed sharp ups and downs on Tuesday, but the benchmark KSE-100 Index managed to close in the positive zone by the end of the trading session.
On the second day of the business week, the market opened on a strong note, with the KSE-100 Index jumping more than 800 points to reach 183,232 points.
However, the momentum did not last long as selling pressure returned, dragging the index into negative territory.
During intraday trading, the index shed more than 1,700 points, falling to 180,589 points. Despite the slump, buyers stepped back in towards the close, helping the market stage a late recovery.
Read also: PSX falls below 181,000 mark as bears regain control of trading
By the end of the session, the KSE-100 Index had gained 1,567 points to settle at 183,951 points.
In the previous trading session, the market had closed sharply lower, losing over 2,025 points to end at 182,384 points, highlighting the continued volatility on the trading floor.
