Summary PSX rose 550 points to 171,150 after a previous sharp fall, while the rupee gained slightly. Asian markets traded mixed amid AI-led sentiment and global uncertainty.
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) opened on a positive note on the second trading day of the week, with the benchmark index climbing back above the 171,000 level.
The 100-index gained around 550 points, trading at 171,150 points during early business hours, compared to the previous day’s close of 170,600 points.
A day earlier, the stock market witnessed a bearish trend, losing 3,362.62 points, a negative change of 1.93 percent, closing at 170,600.20 points against 173,962.82 points on the last trading day, according to PSX data.
Meanwhile, the rupee showed strength against the US dollar, which continued its downward trend in the interbank market.
According to the Exchange Companies Association, the dollar depreciated by 2 paisas, bringing its value to Rs278.45.
Meanwhile, Asian stocks found their footing in unsteady trading on Tuesday as investors shrugged off doubts about the durability of a Middle East ceasefire to return to favoured AI plays.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.4% after fluctuating between gains and losses as trading commenced.
Regional declines were led by Korean shares (.KS11) tumbling as much as 3.3% after an initially higher open, while gains for shares in China and Hong Kong steadied the regional benchmark. S&P 500 e-mini futures were down 0.3%, while in Japan, the Nikkei 225 (.N225) slumped 0.7%.
