PSX gains 385.17 points to close at 30,057.29 points
Last Monday, PSX had lost 830 points and closed at 30,520 points.
KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) witnessed a positive trend on Monday as the benchmark KSE-100 index gained 385.17 points and reached 30,057.29 points.
According to reports, the software of the stock market encountered malfunctioning at the early business hours on Monday, which in consequence halted the work for around 45 minutes.
Last Monday, PSX had lost 830 points and closed at 30,520 points.
Earlier, the recent simmering tensions between nuclear-armed Pakistan and India over Kashmir dispute had pushed investors to adopt cautious behaviour in the trading.
Moreover, since the passage of the financial budget for the fiscal year 2019-20, the stringent policies had been reflecting themselves in the downfall of the stock market.
According to a JS Global report, "The local bourse closed positive on the rumors that Pakistan might exit the FATF grey list." Market analysts are expecting a positive momentum at the bourse in the days to come.
