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KSE-100 index gains 797 points to close at 29,562 points

KSE-100 index gains 797 points to close at 29,562 points

KARACHI: The KSE-100 Index of the Pakistan Stock Exchange (PSX) on Monday witnessed an upward trend by gaining 797 points to close the index at 29562 points.

According to analysts, the recent simmering tensions between nuclear-armed Pakistan and India over Kashmir dispute have pushed investors to adopt cautious behaviour in the trading.

Besides, the stringent policies, implemented following passage of the financial budget for the fiscal year 2019-20, are reflecting themselves in the downfall of the stock market. Moreover, they have anticipated no improvement in the financial results of many companies.