As investor optimism remained high in the wake of developments addressing circular debt settlement and ongoing progress in the International Monetary Fund (IMF) program, the stock market resumed its positive streak on Tuesday, finishing higher.
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) closed at 117,001.09, up 801.50 points, or 0.69%, from the previous closing of 116,199.59.
The index reached its highest intraday value of 117,202.09, and its lowest value of the day was 116,490.82. Strong purchasing activity was seen in the energy sector in particular as investors reacted to the government’s debt restructuring plans’ wider ramifications and possible cash flow improvements.
