KARACHI: The Pakistan Stock Exchange (PSX) endured a tumultuous session on Thursday and the benchmark KSE-100 index recorded multiple ups and downs as investors awaited the announcement of the monetary policy statement after the market’s close.
The bulls managed to overpower bears as the bourse finally closed with a gain of over 180 points.
However, volumes remained low as cautious investors opted to stay on the sidelines ahead of the policy rate announcement, while a number of positive indicators including the widening trade deficit and depleting foreign exchange reserves prevented them from taking fresh positions.