Stocks erased a steep loss and closed higher on Tuesday, as bargain hunters snapped up shares that were battered by concerns over the country’s circular debt plan, dealers said.The Pakistan.
Stocks fell to their lowest level in a month on Monday as investors book profit ahead of the central bank’s monetary policy decision and worried about the government’s ability to resolve.
Stocks closed higher on Tuesday, gaining more than 500 points as investors cheered the start of the corporate earnings season and hoped for a resolution of the circular debt issue that has plagued.
Market watch: Late session buying lifts KSE-100 index tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Market watch: Bourse turns bearish on profit-taking tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.