KARACHI – The Pakistan Stock Exchange (PSX) touched another record high on Tuesday but later faced a dip as investors booked profits.
The KSE-100 Index surged to an intraday high of 137,232 points, gaining over 1,200 points in early trade. However, by the end of the session, the index slipped by 562 points, closing at 135,940, as traders opted to take profits amid market volatility.
The rally was driven by positive economic indicators, including falling inflation, rising remittances, and hopes of a ratings upgrade by Moody’s after a recent meeting with Finance Minister Muhammad Aurangzeb.
Market experts say the PSX remains bullish overall, but short-term profit-taking is expected after such sharp gains.
Investors are now watching upcoming corporate earnings and policy signals to determine the next direction of the market.
This story has been reported by PakTribune. All rights reserved.