Summary The benchmark KSE-100 Index surged by more than 1,800 points, reaching the level of 173,999 points
KARACHI (Dunya News) - The Pakistan Stock Exchange (PSX)’s benchmark index KSE-100 gained over 2,000 points during intraday trade on Tuesday, marking a recovery from yesterday’s losses.
KSE-100 gained 2,161.14 points or 1.26 per cent to stand at 174,357.84 at 11:54am from the previous close of 172,196.70 points.
Trading began on a positive note, with the index gaining as many as 3,100 points at 10:27am, before slipping slightly while remaining in the green.
The bullish momentum follows the State Bank of Pakistan’s (SBP’s) confirmation of it recieving $1 billion from Saudi Arabia as the second tranche of a $3bn deposit.
On Monday, the market plunged by over 1,700 points, failing to sustain last week’s bullish spell as fears of the economic fallout from the ongoing Middle East conflict resurfaced.
