PSX Closes in Green After Monday’s Mayhem

The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 622.95 points, a positive change of 0.54 percent, closing at 115,532.43 points as compared to 114,909.49 points on the last trading day. A total of 530,694,779 shares were traded during the day as compared to 710,788,421 shares the previous trading day, whereas the price of shares stood at Rs. 33.676 billion against Rs. 43.023 billion on the last trading day. As many as 454 companies transacted their shares in the stock market, 273 of them recorded gains and 127 sustained losses, whereas the share price of 54 companies remained unchanged. Brokerage house Topline Securities attributed the market recovery to the global trend. The positive momentum was mainly driven by strong performances from LUCK, MARI, MEBL, BAHL, and BAFL, which together contributed 688 points to the index, it added. It is pertinent to mention here that the market nosedived to an intraday low of 8,687 points on Monday before recovering late in the session to close at 114,909.49, down 3,882.17 points.