KSE 100 Index up 316 points to trade at 39949

Pakistan Stock exchange witnessed an upward trend on Tuesday as KSE 100 Index gained 316 points and traded at the level of 39949.

According to the details, the KSE 100 Index gained 316 points and traded at the level of 39949 on the second day of the business week.

On Monday The Pakistan Stock Exchange’s benchmark KSE 100-Index declined by 1.38 percent or 554.66 points to close at 39,632.52 points on Monday when compared with 40,187.18 points reported on Friday.

The trading board presented a red look on Monday as the KSE All-Share Index fell by 1.21 percent or 341.81 points to end at 27,932.05 points, the KSE 30-Index contracted by 1.24 percent or 209.85 points to close at 16,693.45 points, the KMI 30-Index reduced by 1.50 percent or 960.27 points to conclude at 63,049.50 points, whereas the Islamic All-Share Index moved down by 1.32 percent or 260.44 points to finish the inaugural trading session of the week at 19,491.72 points.

The trading session on Monday witnessed selling activity which made the main index travel in a range of 872.90 points. During the course of the trading session, the key index touched an intraday peak of 40,187.18 points as against an intraday low of 39,314.28 points.

Market volumes were recorded at 195.429 million shares on Monday. The turnover was 3.06 percent or 5.808 million shares higher as against trading of 189.621 million shares registered on Friday.

It should be noted that after the lifting of sanctions imposed on the country due to the Corona lockdown, economic activity increased in the last quarter and exports also improved.