Good day for Pakistan stock market as PSX records quick gains

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive trend as the stock market today posted a 346 points gain early on Tuesday. This continued the upward trajectory from the opening trading day of the week.

The benchmark Karachi Stock Exchange KSE-100 index, had seen fluctuations for the better part of the outgoing week, providing a brief summary of the PSX performance.

On Tuesday (today), the KSE-100 index posted gains of 346.98 points by midday after opening at 51,482.92 points. The highest the index touched today, indicative of the Pakistan Stock Exchange Summary, was around 11 a.m. when the pak stock exchange was seen hovering around 51,876.15 points.

By midday, KSE-100 was trading at 51,829.90 points with over 48 million shares trading hands, highlighting the activity in the Pakistan Stock Market today.

Yesterday, the central bank announced its decision to keep the policy rate unchanged at 22 percent. This has been viewed as a strengthening sign for investor confidence in the Pakistan Stock Exchange. However, the uncertainty surrounding the economic situation and the upcoming review by the International Monetary Fund (IMF) continues to cause fluctuations in the market.