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PSX: KSE-100 down 347.97 points

Business Recorder • • 1 min read

PSX: KSE-100 down 347.97 points

According to Business Recorder, the KSE-100 index shed more than 340 points in the opening minutes of Tuesday's session. Its level was given as 164,776.44 at the close, with a change of 347.97 points or 0.21 per cent. The same report carries a headline describing a fall, while its body text describes a gain, so the direction of that closing move cannot be confirmed from the source.

On Monday, the index had dropped by 1,964.87 points, or 1.18 per cent, to end at 165,124.41 as domestic political uncertainty grew after emergency and governor rule was imposed in Khyber Pakhtunkhwa. Heavy selling followed, with investors trimming equity holdings, and tensions involving Saudi Arabia, the Houthis, the United States and Iran added to the pressure.

On Tuesday, buying appeared in automobile assemblers, cement, commercial banks, oil and gas exploration companies and oil marketing companies. Index-heavy names LUCK, DGKC, HBL, MCB, MEBL, NBP, OGDC, MARI and PSO were trading higher. Overseas, Asian shares retreated with technology stocks at the forefront, as a widening Middle East conflict kept crude prices high and lifted the dollar.

At a glance

  • The KSE-100 closed at 164,776.44, a movement of 347.97 points or 0.21 per cent.
  • The index had fallen 1,964.87 points on Monday amid political uncertainty and regional tensions.
  • Automobile assemblers, cement, banks and oil companies drew buying, with several index-heavy stocks trading higher.
Sectors:Commercial BanksCementOil & Gas Exploration Companies

Originally reported by Business Recorder

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