PSX gains over 400 points as buying returns
“Stocks advanced at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index adding 470 points by midday as buying in key sectors lifted sentiment amid falling oil prices and a re…”
The market opened on a positive note, with the index rising 558.25 points, or 0.34%, to 165,682.66 in early trading at 9.33am. It rose 470.14 points, or 0.28%, to 165,594.55 points from the previous close of 165,124.41, touching an intraday high of 166,070.47 and a low of 165,271.67.
Buying interest was concentrated in automobile assemblers, cement, commercial banks, oil and gas exploration companies, and oil marketing companies. Read:PSX plunges 1,965 points amid political chaos.
Meanwhile, oil prices fell in Asian markets and were on track for their first decline in nearly a week as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.
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The positive trend suggests investors are cautiously returning to the market, although the sustainability of gains will depend on continued buying support and broader market sentiment.
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