KARACHI: The Pakistan Stock Exchange (PSX) Tuesday opened keeping previous day’s bullish trend and added 749 points to cross the psychological barrier of 38,000 and reached 38267.20 points level in early trading.
On Tuesday, the Pakistan Stock Exchange (PSX) surged ahead of MSCI’s decision in New York. EFG Hermes believes an upgrade could lure around $475 million of inflows by mid-2017. The index has gained 15% this year, making it the top performing Asian market of the year. It has climbed 4.20% in the month against the fall of 0.40% in the MSCI Emerging Markets Index.
The benchmark index shot up from the word go, accumulating gains of 614.43 points to 37,594.39. The index later settled at 37,517.75, up by 537.79 points. The KSE All Share Index rose 278.02 points to land at 25,016.87. A total of 195 scripts advanced while 105 declined. The market volumes saw no massive leap and improved to 143.563 million from 139.416 million.
