Bulls return as KSE-100 surges past 9,000 points, market closes in the green
Pakistan’s benchmark KSE-100 index advanced 9,696.98 points on Tuesday, closing in the green, up 6.62 per cent from its previous close.
An illustrative image related to: Bulls return as KSE-100 surges past 9,000 points, market closes in the green, highlighting key aspects of the story. | Image source: Dawn.com
Bulls return as KSE-100 surges past 9,000 points, market closes in the green
Pakistan’s benchmark KSE-100 index advanced 9,696.98 points on Tuesday, closing in the green, up 6.62 per cent from its previous close.
Shortly after opening, the index gained 9,303.75 points, or 6.35pc, in early trading before a temporary market halt was enacted following the sharp gathering.
Trading was temporarily suspended in accordance with regulations of the Pakistan Stock Exchange (PSX), according to an official notice issued by the exchange.
The formal notice stated that the halt was triggered after the KSE-30 index recorded a 5pc rise from the previous trading day’s close, activating the exchange’s market suspension mechanism. Trading resumed at 10:27am.
After the resumption of commerce, the index rose to the intraday high of 11,846 points, after which it dipped to 10,085.15 points by 12:55pm. It later pared some gains before closing in the green at 2pm.
This gathering is in sharp contrast to the market’s previous close.
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