On Tuesday, Pakistan Stock Exchange’s (PSX’s) benchmark KSE-100 index shed 796.48 points and closed at 44,948.52. This occured due to the tension surrounding the recently announced agreement with the International Monetary Fund (IMF) dulled investor sentiments.
The market started on a positive note to reach a midday high of 45,915.61, with a rise of 170.61 points, within the first hour of the session.After 3pm, the index fell to an intraday low of 44,881.15, a slump of 863.85 points, and then increased to 796 points in the end.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Fitch downgrades Pakistan’s rating

Fitch Ratings downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-”…

Pakistani rupee hits record low against US dollar

Karachi: The ruling PML-N’s defeat in the Punjab by-elections provoked political uncertainty.…

Moody’s upgrades Pakistan’s banking sector outlook to positive

Global credit rating agency Moody’s has upgraded Pakistan’s banking sector outlook from…

PM Shehbaz asks businessmen to devise plans for Saudi investment

On May 29, Prime Minister Shehbaz Sharif asked Karachi businessmen to devise…