PSX rises ahead of budget as momentum builds
Stocks rose on Tuesday as investors continued to build positions ahead of the upcoming federal budget, extending the market’s upward momentum following Monday’s decline.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 119,990.35, gaining 1,112.55 points, or 0.94%. The index touched a low of 119,129.51, still up by 251.71 points, or 0.21%.
The previous session on Monday saw the market close lower, with the KSE-100 Index falling by 813.29 points, or 0.68%, to 118,877.81. The index had touched a high of 120,590.77 and a low of 118,672.84 during the session.
This is a developing story and is being updated with more details.
