PSX loses steam after early morning gain
Business
Investors seemed positive as the KSE-100 index increased by 160 points at the start of trading
KARACHI (Dunya News) – A after a lacklustre performance a day earlier, the Pakistan Stock Exchange (PSX) opened in the green zone on Wednesday.
Undeterred by the country-wide traders strike, investors seemed positive as the KSE-100 index increased by 160 points at the start of trading to 78,244 points.
However, at around 11:30 am, the trend reversed a bit as the index dropped to 72.68 showing the board at 78,156.91.
The traders are observing country-wide strike against Tajir Dost Scheme and tax on small shops on Wednesday on the call given by the Jamaat-e-Islami and endorsed by the JUI-F, ANP and FPCCI.
It may be recalled that at the close of business on Tuesday, the KSE-100 index stood at 78,084 points, a decrease of 486 points.
