PSX gains 1,454 points on hopes of Iran conflict resolution
KARACHI: The Pakistan Stock Exchange saw positive trading on Tuesday on hopes that the Iran conflict will end after the US elections. The market recorded a sharp rise.
The Pakistan Stock Exchange’s 100 index closed 1,454 points higher at 168,018 points. During the trading session, the index swung by 1,161 points.
Market sources said investors showed interest in buying shares because of expectations that the Iran war would end after the US midterm elections. As a result, a positive trend prevailed in the market.
During the trading day, 510 million shares worth Rs20 billion changed hands. Market capitalisation rose by Rs102 billion to Rs18,395 billion.
Advertisement
More from Business
Business
Trade deficit hits $14.63 billion in first four months of fiscal year
Business
Base electricity tariff may rise by over Re1 from next year
Business
Petrol cut by Rs5.45 and diesel by Rs3.68 per litre
Business
Refineries demand withdrawal of new petrol pricing formula over Rs49.02 per litre levy
Business
Sindh’s external debt rises most in two years, Punjab’s remains the largest
Business
Annual inflation rises to 9.61 per cent in October
Business
New pricing formula for refineries may cut petroleum levy by Rs10-15 a litre
Business
Retailers’ tax scheme fails; action planned against non-filers
Business
FBR misses October tax target by Rs156 billion
Business
Binance loses $6.3 billion in crypto theft; North Korean hackers suspected
Business
Gold falls by Rs10,800 in a day to Rs409,736 per tola
Business