PSX posts 500 points gains amidst selling pressures

KARACHI: Following global downturn in the capital and investment markets, the Pakistan Stock Exchange (PSX) also lost over 1,100 points to close at 77,084.48 points on Monday.

However, Tuesday saw the index post notable growth right after opening. Close to 11 AM, the index was seen hovering around 77,632.37 points, 547.89 points above the opening level.

Amid rising inflation, depleting foreign exchange reserves, and globally rising fears of recession, the benchmark KSE-100 index has also been finding it difficult to maintain investor confidence.

Can PSX maintain Friday’s positive momentum or decline again?

Yesterday, the index fluctuated within a range of 1,386.85 points, reaching a high of 78,330.09 points and a low of 76,943.24 points. Today, the market seemed to be comfortable in maintaining investor confidence.