Pakistan Stock Exchange (PSX) witnessed a bullish trend amid the news of National Assembly session being called for the oath taking of newly elected lawmakers and formation of a six-party unity coalition government, leading to the review and negotiations for the final tranche of the IMF loan for Pakistan. The PSX-100 index gained 363 points and reached 63583 benchmark. Pakistan Stock Exchange (PSX) Tuesday came under selling pressure as trading commenced on a strong note on top of previous day’s gains. The market then took a dive but recovered swiftly and the KSE-100 index reached its intra-day high at 63,622 points at midday. The index touched the intra-day low at 63,055.64 points in the afternoon and unable to regain the momentum in the absence of major positive triggers.

Credit: Independent News Pakistan (INP)