Market gains 130 points in range-bound session.
KARACHI -- Pakistan StockExchange (PSX) extended gainsfor the second straight day in arange-bound session onTuesday, with the KSE-100Index gaining 129.72 points(+0.28 percent) to close at46,756.80 points.The market opened on a positivenote and remained positivethroughout the session. Theindices maintained their upwardmomentum despite mixed eco nomic indicators, as theConsumer Price Index-basedinflation increased to 31.4 per cent during the month ofSeptember 2023 on a year-on year basis. The inflation hadincreased to 27.4 percent duringAugust.On the other hand, the tradedeficit improved to $1.49 billionin September against $2.16 bil lion in August, showing animprovement of 31.13 percenton a month-on-month basis.Meanwhile, the rupee's continu ous appreciation against the USdollar provided some confi dence to investors in the market.The rupee closed September asthe world's best-performing cur rency, appreciating by 6.19 per cent against the US dollar, itssecond-highest monthly gainsince 2014.
The benchmark index traded in arange of 193.63 points, showingan intraday high of 46,820.71points and an intraday low of46,627.08 points, which was theprevious close. Among otherindices, the KSE All ShareIndex gained 55.28 points(+0.18 percent) to close at31,428.21 points, while KMI AllShare Islamic Index gained37.80 points (+0.17 percent) toclose at 22,892.75 points.Total volumes traded for theKSE-100 Index decreased by5.18 million to 95.17 millionshares against 100.35 millionshares traded a session earlier.The overall market volumesincreased by 10.59 millionshares to 213.19 million...
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