Bulls dominate as PSX climbs over 1,000 points upon boost in investor sentiment

Bulls maintained a hold of the trading floor at the Pakistan Stock Exchange (PSX) on Tuesday as shares gained over 1,000 points, continuing their upward momentum following de-escalation between India and Pakistan. The KSE-100 index opened with a gain of 2,769 points to stand at 120,067.12 points from the previous close of 117,297.73 at 9:30am. By 3pm, the index stood at 118,605.98 points, up 1.12 per cent. Bullish momentum witnessed at the Pakistan Stock Exchange — PSX data portal Finally, the index closed at 118,575.88 points, up 1.09pc or 1278.15 points compared to yesterday. A day earlier, the PSX gained a record 9pc, with the market mirroring the restored calm in the region after the Pakistan-India ceasefire. The development, announced by US President Donald Trump on Saturday, followed four days of tit-for-tat strikes between the nuclear-armed neighbours, as well as diplomacy and pressure from Washington.