Tuesday saw a little increase of 107 points for the KSE-100 index, which had lost more than 1,100 points the day before. The global stock markets’ resurgence provided the positive momentum.
The index got off to a great start, rising to a high of 77,746.56 points during the day. However, profit-taking caused gains to be slightly reduced. In the second half, the bulls made some ground back, but the overall gain was curtailed by selling in the last hour.
The KSE-100 increased by 106.85 points, or 0.14%, to close at 77,191.34 points at the end of the day. Topline Securities reports that although the market’s rebound was brief—the index peaked at a gain of 662-points, or 0.86%—it followed global trends.
