- Reuters
- 10 Hours ago

Tuesday turns negative for stock market
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- Web Desk
- Jan 09, 2024

KARACHI: The stock market maintained a positive momentum through the past week, with momentary downturns. In sum total Pakistan Stock Exchange (PSX) remained poised for growth last week.
On Monday (yesterday), the benchmark KSE-100 index opened at 64,514.89 points and grew to 65,069.43 points by 11 AM. Afterwards, the index deteriorated marginally and by noon, it was seen hovering at 64,846.24 points with 331 points gains. By the closing of the day, the index had fallen below opening point at 64,237.02 points.
SNGPL intensifies crackdown on gas theft
The share market continued the deterioration into Tuesday (today), and despite bouncing up multiple times, the overall direction of the stock market remained negative. The index touched the highest of the morning at 64,786.35 points, but deteriorated 247 points to 63,989.48 points by noon.
Energy sector remained the primary driver of the downturn, on the back of another plummeting shock to oil prices in the international market.
