Stock market jumps over 200 points; crossing 73,000 mark

WEB DESK: The Pakistan Stock Exchange’s (PSX) crossed over 300 points right after opening on Tuesday hovering around 73,104 points before 10 AM. Soon after, the market adjusted to the sudden hike, dropping down to 72,724 points. However, the market stabilised after that to trade with a 200 points increase at 73,028.06 points.

PSX closing: KSE-100 gains 862 points

This comes a day after the benchmark KSE-100 index reached a new record high on Monday, climbing 862.15 points, or 1.2 per cent, to close at 72,764.24.

The outgoing week had seen severe fluctuations and deterioration in the index owing to profit-taking as well as external economic indicators.

However, on Friday, the index seemed to have corrected course and turned positive – a trend it has continued into this week.

Key sectors, such as information technology, energy, and agriculture, are set for ground-breaking business-to-business discussions, further fueling market optimism.

PSX poised to cross 72,000 points mark once again after turbulent week

On the other hand, oil and gas exploration companies, insurance and modarabas sectors are the sensitive sectors as per yesterday’s performance.