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PSX market recovers as buying pushes KSE-100 up

29 April, 2025 17:37

The Pakistan Stock Exchange (PSX) recovered from early losses and closed higher on Tuesday, with the KSE-100 Index gaining 808.28 points, or 0.71%, to end at 114,872.18 points, up from 114,063.90 in the previous session.

Although the session opened on a negative note with the index falling over 700 points, strong buying interest helped reverse the trend by the end of the day.

Trading volume dropped, with 184.9 million shares traded compared to over 423 million on the previous day. The value of traded shares also declined to Rs 22.31 billion from Rs 26.46 billion.

Out of 443 companies that traded shares on the day, 211 recorded gains, 182 saw losses, and 50 remained unchanged.

Meanwhile, the Pakistani Rupee appreciated slightly in the interbank market, closing at Rs 281.02 against the US Dollar, a gain of 4 paisa from the previous Rs 281.06. In the open market, the Forex Association of Pakistan reported the dollar’s buying and selling rates at Rs 281.40 and Rs 282.90, respectively.

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