On Tuesday, the benchmark KSE-100 index rose about 800 points during trading on the Pakistan Stock Exchange (PSX), reflecting interest in the oil and gas sector. With an advance of 796.10 points, or 1.26%, the benchmark index ended the trading session at 63,799.01 level, indicating that the bullish trend continued throughout.
In response to news of progress on the government’s circular debt strategy, index-heavy stocks like OGDC and PPL were trading in the positive.
Throughout the previous week, the PSX continued to be subject to selling pressure, and trading activity was low. This was because investors continued to exercise caution and refrained from building new positions due to their concerns regarding the political turmoil in the country.