The Pakistan Stock Exchange (PSX) witnessed buying momentum on Tuesday morning with the benchmark KSE-100 Index surging nearly 2,200 points during early trading, however, the market retreated as the day wore on.
At 10:45am, the benchmark index was trading at 150,045.01, a gain of 866.35 points or 0.58%.
Buying interest emerged across key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation, and refineries. Major index-heavy stocks such as ARL, HUBCO, MARI, OGDC, PPL, PSO, SNGPL, HBL, MEBL, MCB, and UBL closed in positive territory.
However, on Monday, the PSX faced a sharp sell-off as the benchmark KSE-100 Index plunged amid investor caution over ongoing volatility in international oil prices and global market uncertainty.
The KSE-100 Index ended at 149,178.66 points, down 4,687.51 points, or 3.05%.
