PSX gains nearly 200 points early on Tuesday

KARACHI: The benchmark KSE-100 index posted a 192 points jump right after opening on Tuesday. This comes after a 500 points opening hike on Monday, following the fuel price readjustment. the first trading day of the week.

Last week the index crossed 49,000 psychological mark in intraday trading on Friday morning.

On Tuesday (today), the index opened at 49,731.35 points and quickly gained 192.69 points to hover at 49,924.04 points.

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The hike also comes with a massive volume of trading with nearly 75 million shares trading hands within the first two hours of trading.

The continued improvement in the share market can be attributed to Sunday’s fuel price decline whereby the government cut domestic petrol and diesel prices by up to Rs 40 per litre, following a decline in global oil prices.