KSE-100: Stocks extend gains on upbeat economic projections; index up 203 points
May 26, 2021
Bullish momentum continued at Pakistan Stock Exchange (PSX) as stocks extended gains for the third consecutive session on Tuesday, as investors’ sentiments remained upbeat on positive economic indicators.
On Tuesday, the benchmark KSE-100 index clocked at 46,300 index level after gaining about 203 points by the closing bell, as the Index remained positive throughout the session touching an intraday high of 46,371.69 and a low of 46,047.66.
Investors anticipating tax incentives for the industries in the upcoming budget helped the KSE-100 index boost market sentiments, as investors react to the news that the government may be formulating a populist budget proposal to keep the personal income taxes and power tariffs unchanged.