Stock Market grows, despite surrounding uncertainty

KARACHI: At the start of the previous week, the Pakistan Stock Exchange (PSX) staged a robust recovery, following a two-day downturn. However, towards the end of the week, the index had plunged down steeply, with Friday seeing the benchmark KSE-100 opening at 61,020.05 points closing at 59,872.96 points.

Yesterday (Monday), the stock exchange opened with a plunge again but by the afternoon it had recovered that day’s losses and turned positive. Today (Tuesday) built on Monday’s gains and posted over 750 points gain by noon.

The benchmark KSE-100 index opened at 60,459.74 points, and was seen hovering at 61,219.30 points around noon.

The growth in the index came from multiple sectors today showing that the positive momentum was experienced by the stock market as a whole and not by any specific sector.

The market snapshot at noon looked like this: