PAKISTAN STOCK

KSE-100 retreats after gaining over 550 points

epa11064194 A Pakistani stockbroker monitors share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, Pakistan, 08 January 2024. The Pakistan Stock Exchange (PSX) experienced bullish momentum as the benchmark KSE-100 index surged over 550 points during 08 January trading session, reaching an intra-day high of 65,069.43 before settling at 64,781.11 mid-day. The index reflected a mixed trend, with certain sectors such as automobile assemblers, chemical, commercial banks, and refineries trading positively, while others like oil and gas exploration companies and OMCs traded in the red. This upward movement followed a bullish trend in the previous week, where the KSE-100 index recorded healthy gains, surging by 2,063.86 points on a week-on-week basis. Globally, Asian share markets remained cautious ahead of US and Chinese inflation data, corporate reporting season, and geopolitical tensions. EPA/REHAN KHAN

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