Bulls make a comeback at stock exchange
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The investors heaved a sigh of relief as bulls made a strong comeback at Pakistan Stock Exchange (PSX) on Tuesday as the 100-index gained over 400 points.
The KSE-100 index was closed at 39,714.46 points after receiving a gain of 417 points.
On the first trading day of the week on Monday, the stock exchange had lost 847 points when closed. But on Tuesday, the share prices bounced back as index scored a healthy gain of 317 points in the first half of the trading.
According to reports, a staggering sum of Rs276 billion was wiped off the market capitalisation at the Pakistan Stock Exchange (PSX) in five-day trading of the last week. Foreign investors were net sellers in the equity market, offloading $4.1 million worth of shares.