Stocks market recovers Monday’s losses


KSE-100

KARACHI: Pakistan Stock Exchange (PSX) was able to maintain an upward trajectory for the better part of the outgoing trading week. However, the last two trading days of the week seemed to bring bearish mood for the index.

This week opened on a negative trend for the index once again, when after opening at 63,813.06 points, the index plunged to 62,773.72 points during the day.

Stocks market opens trading week in red

Tuesday, the benchmark KSE-100 index started on a positive note, with 257.67 points gain in the opening hours of the day. Around 11 AM, the index was seen hovering at 63,031.39 points.

The growth came from myriad sectors showing an overall improvement in investor confidence. Petroleum and telecom companies were seen trading in green on the index. However, K-electric was conspicuously in red.

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