PSX rebounds with 1.6% gain in range-bound market activity
Market activity remained range-bound amid mixed investor sentiment and cautious trading.
Despite some recovery in the Pakistan stock market in the outgoing week, investor caution prevailed as the index was unable to break through its key resistance level of 113,500.
The week ended with a gain of 1,762 points or 1.6% to close at 112,085.
The lower-than-expected half-year results of PSO stalled the recovery momentum, with second-quarter earnings reported at Rs15.35, falling short of market expectations.
Join Nukta's Shuja Qureshi on Stock Watch as he speaks with Yasin Kodvavi, Director of Equity at Optimus Capital Management Limited, about current investor sentiment and market outlook.
Popular
Spotlight
More from Business
PTA, FIA bust IMEI tampering and SIM fraud rings
Authorities seize hacking devices and hundreds of mobile sims
More from Video
Shahid Khaqan Abbasi opens up on turning down Nawaz and Benazir, early privatization, and 1999 coup
Former prime minister reflects on political journey in conversation with Kamran Khan
Comments
See what people are discussing