Karachi: Mixed trend gripped the bourse on Tuesday while the Pakistan Stock Exchange (PSX) benchmark KSE 100 index closed at 133, 403 with bullish trend after gaining 33 points.
Today, bearish trend witnessed early in the morning when at 10:15 am the KSE-100 Index was down by 501.25 points hovering around 132,868.89.
On the other hand at 2:10pm, the benchmark index was hovering at 134,113.67 level, an increase of 743.53 points.
After witnessing selling pressure in the early hours of trading, bulls returned to the Pakistan Stock Exchange (PSX) with the benchmark KSE-100 Index crossing the 134,000 level during intraday trading.
Selling pressure was evident across key sectors including automobile assemblers, commercial banks, cement, fertiliser, oil and gas exploration, and power generation.
As many as 479 companies transacted their shares today, out of which 216 shares went up.
On Monday, PSX continued its record-breaking advance, as the market’s bullish sentiment, buoyed by strong corporate earnings expectations, receding trade-related anxieties, and improved macroeconomic indicators.
