KARACHI: Pakistan Stock Exchange (PSX) continued surging to new highs for the fifth straight day in a volatile session on Tuesday, with the benchmark KSE-100 Index gaining 142.35 points (0.25 percent) to close at 56,665.93 points, the highest ever level witnessed in its history. The market opened on a sharp positive note but turned to profit-taking soon after hitting the day’s high within the first hour of trading and shed over 750 points to touch the day’s low. However, the bulls stepped in again to support the market. The last hour’s buying helped the indices erode losses of the day and close the session in green. Investors are also awaiting the outcome of the imminent review by global index provider Morgan Stanley Capital International (MSCI). There is speculation regarding a potential increase in Pakistan’s weight in the global index. Moreover, the market is watching the ongoing discussions between the government and the International Monetary Fund (IMF). TLTP
