The Pakistan Stock Exchange (PSX) began Tuesday’s session on a positive note, with the KSE-100 Index gaining nearly 1,200 points during the opening hours.
The index closed the session at 157,945.02 points, up by 390.36 points or 0.25%. It traded within a range of 1,414.68 points, reaching a high of 158,831.22 points (+1,276.56) and a low of 157,416.54 points (-138.12).
The total volume for the KSE-100 Index stood at 771.29 million shares.
Sectoral buying was seen in key areas such as automobile, cement, commercial banks, oil and gas exploration, OMCs, and power generation. Major stocks, including HUBCO, MARI, OGDC, POL, PPL, PSO, MCB, MEBL, and UBL, contributed to the market’s gains.
In other news, Pakistan has requested unilateral tariff concessions from China on around 700 items as part of the third phase of the China-Pakistan Free Trade Agreement (CPFTA). According to the Ministry of Commerce, Pakistan’s exports to China have increased under the CPFTA’s second phase, but market access has been affected due to China’s other trade deals.
On Monday, the PSX had ended on a bearish note as profit-taking following a strong rally pushed the KSE-100 index down by 482.71 points, or 0.31%, to close at 157,554.66 points.
