Pakistan Stock Exchange rebounded on Tuesday after the volatile session and the benchmark KSE-100 index closed at 112,743.79 points with a 0.68% positive change and 756.91 higher than the 111,986.88 points of previous session.
The market opened in green and gained over 400 points but due to selling pressure could not maintained the bullish trend and fall in to red, however later it recovered the loss and closed with a positive note.
A total of 100,870,095 shares were traded during the day as compared to 208,881,544 shares the previous trading day, whereas the price of shares stood at 7,863,340,775 against Rs11.881 billion on the last trading day.
As many as 429 companies transacted their shares in the stock market,221 of them recorded gains and 150 sustained losses, whereas the share price of 58 companies remained unchanged. The high level of the day was recorded at 112,877.01 points while the lower was at 111,717.17.
As per market experts, the positive development in Pakistan IMF talks for the $ 1 billion tranche of the $7 billion bailout package drove the market in green, while any positive outcome of the talks would further boost trading in the stocks market in coming days.
On the other hand, the Pakistani rupee appreciated by 7 paisa against the US dollar in the interbank market.
