PSX crosses 81,000 points mark

KARACHI: The Pakistan Stock Exchange (PSX) opened at 80,566.20 points on Tuesday, after a volatile first trading day of the week. Before noon, the index had crossed the 81,000 points psychological mark, trading at 81,059.90 points – 493.70 points above opening.

Yesterday, the benchmark KSE-100 index managed to post 353.41 points gains, despite a fire in the PSX building and the resultant couple of hours halt in trading.

PSX gains 353 points despite trading halt due to fire

Despite the disruption in trading activity, the KSE-100 Index showed a significant range of movement, fluctuating by 545.39 points throughout the day. The index touched the day’s highest at 80,737.70 points and lowest at 80,192.31 points.

Last week, the index crossed 80,000 points limit in a historical first, and that positive sentiment seems to have been continued in the current week. Improving macroeconomic indicators and the expectations of foreign direct investment in the country is also lending strength to the investor confidence.