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PSX gains 464pts, up 1.52 despite bearish rally in international markets

PSX gains 464pts, up 1.52 despite bearish rally in international markets

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 464.21 points or 1.52 percent to reach 31092.61 points and volume of 98,636,350 shares on Tuesday.
High and low were 31136.30 and 30549.86 respectively. Total volume traded in the market was 98,636,350 shares.
On Monday, KSE 100-index lost 373.09 points or 1.20 percent to reach 30628.40 points and volume of 142,730,880 shares.
Bearish global equities, surging circular debt in the energy sector, weak data on fertilizers sales, exports played a catalyst role for the bearish close in the earnings announcement session at PSX, stated analyst Ahsan Mehanti.
Major activity was witnessed in the stocks of K-Electric, TRG Pak and DG Cement with traded volumes of 15.8m shares, 14m and 10.5m shares respectively. Out of total 342 traded companies in the session, 227 closed in negative, 98 in advance while 17 remained unchanged.