- Web Desk
- 6 Hours ago
PSX gains 107 points to close at 45,910
- Web Desk
- Sep 19, 2023
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a remarkable uptick as it closed its trading session on Tuesday, gaining 107 points.
The bustling trading floor at the stock exchange was a hive of activity throughout the day, as traders and investors closely monitored the fluctuating index. The day started with cautious optimism, but as trading progressed, it became clear that the market had a different plan.
The KSE-100 benchmark index, which had been hovering around the 45,803 mark for most of the day, suddenly surged in the final hour of trading.
It reached a peak of 45,917, marking a substantial gain of 107 points from its opening level.
This late rally caught many by surprise, and frenzied buying activity ensued as traders scrambled to capitalize on the unexpected surge.
Analysts attributed this bullish trend to a combination of factors, including positive economic indicators, strong corporate earnings reports, and global market dynamics.
It appears that investors regained their confidence in the market, leading to increased trading activity and driving up stock prices across various sectors.
Market experts are now closely watching to see if this upward momentum will continue into the next trading session. The unexpected gain of 107 points is seen as a positive sign for the economy, but some caution that market volatility may still be on the horizon.