Monday, December 5, 2022

Slight recovery in PSX benchmark following steep fall

Slight recovery in PSX benchmark following steep fall
KARACHI (92 News) – The Pakistani Stock Exchange’s (PSX) benchmark KSE-100 index registered an uptrend on Tuesday after a steep fall in the previous day. A total of 200 million shares worth Rs9.18 billion exchanged hands during the day's trading. The benchmark index gained 608 points, closing the day at 41,904 points. Stocks steep run the previous day, tracking global markets as fears of a possible US-Iran showdown in the Persian Gulf set off an across-the-board panic-selling rampage that led to one of the biggest one-session losses, dealers said. KSE-100 shares index plunged 2.43 percent or 1,027.06 points to close at 41,296.24 points on Monday, while KSE-30 slumped 2.39 percent or 464.66 points to end at 19,009.10 points level.