The Pakistan Stock Exchange (PSX) witnessed a bearish trend on Tuesday as the benchmark KSE-100 Index gained 808.28 points with a positive change of 0.71%, closing at 114,872.18 points against 114,063.90 points in the previous session.
A total of 184,986,400 shares were traded during the day as compared to 423,938,288 shares the previous trading day, whereas the price of shares stood at Rs 22. 310 billion against Rs 26.458 billion on the last trading day.
As many as 443 companies transacted their shares in the stock market,211 of them recorded gains and 182 sustained losses, whereas the share price of 50 companies remained unchanged.
In the early hours of the session on Tuesday, the stock market fell into the red and the benchmark KSE-100 Index dropped over 700 points, however later the buying pressure helped the PSX to recover the losses.
On the other hand, the Rupee on Tuesday appreciated by 04 paisa against the US Dollar in the interbank trading and closed at Rs 281.02 against the previous day’s closing of Rs 281.06.
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 281.40 and Rs 282.90, respectively.
