Abb Takk News

PSX Again Jumps by Over 800 Points on Second Day Apiece

KARACHI: The uptrend at the Pakistan stock market continued for the second successive session on Tuesday as the benchmark index surged over 900 points in intra-day trading.

In the morning, the KSE-100 index opened on a positive note and maintained the momentum for the entire session, surpassing the 30,000-point mark.

The rebound from the extensive losses recorded in the past week came on the back of efforts made to de-escalate tensions between Pakistan and India. Following the relatively improved situation, the investors jumped to buy stocks as share prices had hit historic lows.

At close, the benchmark KSE 100-share Index recorded an increase of 856.80 points, or 2.90%, to settle at 30,419.22 points.

Overall, trading volumes increased to 142.6 million shares compared with Monday’s tally of 102.5 million. The value of shares traded during the day was Rs5.6 billion.

The dollar loses ground by Rs 0.3 against rupees in interbank and closed at 158.59.

The gold prices jumped by Rs 500 per tola and reached at 88500 per tola, however, it maintained its value at 1504 per ounce in the international market.