The Pakistan Stock Exchange (PSX) on Tuesday opened on a positive note on the second trading day of the week and ended the day on positive not with index adding over 400 points to its strength.
At the close of business, the PSX’s benchmark KSE-100 Index was up by 421.75 or 0.25 percent to 171,021.77.
Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, HBL, and MEBL, traded in the green.
A day earlier, the stock market witnessed a bearish trend, losing 3,362.62 points, a negative change of 1.93 percent, closing at 170,600.20 points.
Meanwhile, Asian stocks found their footing in unsteady trading on Tuesday as investors shrugged off doubts about the durability of a Middle East ceasefire to return to favoured AI plays.
MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.4% after fluctuating between gains and losses as trading commenced.
Regional declines were led by Korean shares (KS11) tumbling as much as 3.3% after an initially higher open, while gains for shares in China and Hong Kong steadied the regional benchmark. S&P 500 e-mini futures were down 0.3%, while in Japan, the Nikkei 225 (.N225) slumped 0.7%.
