KARACHI: Pakistan Stock Exchange (PSX) on second consecutive day of the week started with positive trend.
With an addition of 465 points the market has jumped to 39,762 points in first two hours of the day.
On yesterday stocks rebounded with the KSE-100 index recouping 1,312.68 points (3.34 per cent) on the first trading day of the week.
At the close of the day, the index settled in the green at 39,296.30. The lowest level the index reached during intra-day trading was 37,983.62 but as the bulls took charge, it reached an apex of 39,362.29 points.
As economists started to fret over the negative impact on global growth, the Pakistani market also gained traction with effects felt on the domestic bourse, particularly when two cases of the dreaded virus were confirmed in the country mid-week. The confidence which was pushed to new lows jettisoned shares all throughout.
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