Pakistan Stocks See Modest Gain Amid Mixed Performance

Staff Report:Trading session in Pakistan on Tuesday saw a brief recovery that followed international market trends. The market index experienced an intraday high, climbing 662 points (0.86%), but ended the day with a modest gain of 0.14%, closing at 77,193 points.

Key contributors to the positive movement included stocks from various sectors such as SYS, HUBC, PSEL, HMB, and HBL, which collectively added 242 points to the index. The power sector stock HUBC performed particularly well, bolstered by news of Chinese automotive giant BYD’s planned market entry in Pakistan with a brand launch on August 17, 2024.The Fastest Way to Make Money on Cash App Stocks

On the downside, stocks like BAHL, LUCK, and PSO collectively subtracted 159 points from the index. The day’s trading activity was robust, with a total of 599 million shares traded, valued at Rs 17 billion. KOSM was the most actively traded stock, with over 147 million shares changing hands.