Pakistan Stock Exchange gains 238.82 points
The Pakistan Stock Exchange (PSX) made some recovery on Tuesday as the KSE-100 closed at 32,553.39 after gaining 238.82 points.
A total of 124,866,362 shares traded on a day where 157 companies made earned profit and 123 experienced losses. Meanwhile, the share value of 23 remained unchanged.
This surge came after the KSE-100 Index shed 491.81 points and closed the session at 32,314.57 on Monday after starting the day with huge losses.
It was a positive session for the automobile sector as the shares of Hino Pak and Indus Motor gained Rs20 and Rs9.03 respectively. Meanwhile, the losses suffered by some companies were not huge.
Similarly, the oil and gas, insurance and banking sectors also witnessed a mixed session.
But it was cement companies which breathed a sigh of relief after witnessing the gains unlike the losses suffered on Monday with the Lucky Cement, Kohat Cement and Attock Cement gaining Rs11.64, Rs9.08 and Rs6.79 respectively.
On the other hand, the US equity futures rose alongside European and Asian stocks on Tuesday as governments contemplated reopening their economies and the earnings season gathered pace. Crude oil pared an earlier slump, and the dollar weakened.