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PSX extends gains as political turmoil eases

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KARACHI, Sep 27(ABC): The bulls dominated trading at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 index rallied, gaining nearly 400 points on the back of strong investor sentiment.

Clarity on the political front after Ishaq Dar took oath as senator and diminishing concerns rupee depreciation encouraged market players to buy stocks.

The KSE-100 index shot up from the moment trading began and, despite a brief drop in midday trading, it maintained its upward march.

At close, the benchmark KSE-100 index closed at 41,581.23 points with an increase of 366.69 points or 0.89%.

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