KSE-100 index ends in the green after volatile trading session
Business
Pakistan Stock Exchange, PSX, KSE-100 index, Karachi, stock market, trading session, investor confidence, financial news
KARACHI (Dunya News): The Pakistan Stock Exchange (PSX) witnessed a roller-coaster session on Tuesday, as the market went through ups and downs before finally closing in the green.
During early trading, the benchmark KSE-100 index skyrocketed by over 1,500 points, reaching an intraday high of 159,445 points. However, the rally lost steam later in the session, and the index finally closed 313 points higher at 158,183 points.
Market analysts said investors initially jumped back into the market after Monday’s sharp fall, taking advantage of lower share prices. However, some profit-taking kicked in later, trimming early gains.
On the previous trading day, the KSE-100 index had slumped by 3,667 points, closing at 157,870 points amid heavy selling pressure.
Overall, despite the choppy session, the PSX managed to end the day on a positive note, suggesting that investor confidence is slowly finding its footing again.
