PSX benchmark 100-index gains 50 points
KARACHI: The Pakistan Stock Exchange (PSX) ended the second session of the rollover week on a flat note on Tuesday, with the benchmark KSE-100 index crawling up by 50 points.
The index oscillated between red and green zones as certain sectors experienced selling pressure. Investors were concerned over rising political tensions, which prevented the market from advancing further.
On the second day of the week, investors decided to liquidate positions and wait and watch for market direction, going forward.
Read more: Rupee continues to sink as dollar closes at Rs233 in interbank
Investors remained concerned about the continuous depreciation of the rupee against the US dollar as the local unit plunged to an all-time low of 232.93.
Earlier, trading began on a positive note but unfortunately, tables turned and the bourse failed to sustain the momentum with the bourse remaining largely volatile. After mid-day bears and bulls tried to wrestle control of the market.
At close, the benchmark KSE-100 index closed at 39,894.05 points with an increase of 50.03 points or 0.13%.
