Bulls returned to the Pakistan Stock Exchange (PSX) on Tuesday despite dropping over 1,500 points in early trading as the benchmark KSE-100 Index ended up gaining over 1,500 points.
At close, the benchmark index settled at 183,951.50, down 1567.36 points or 0.86%.
Buying was noted across key sectors, including automobile assemblers, commercial banks, fertilizer companies, oil and gas explorers, OMCs, and power generation.
On Monday, the PSX dropped over 2,000 points as investors booked profits following last week’s strong gains. The KSE-100 Index closed at 182,384.15 points, down 2,025.52 points, or 1.1%.
Meanwhile, the Pakistani rupee strengthened slightly against the US dollar, gaining 0.06% during early trading in the interbank market on Tuesday.
Moreover, the Commerce Ministry has advised the FBR to allow Afghan transit cargo to be re-exported to any seaport at the request of exporters or their agents.
