The Pakistan Stock Exchange ended a volatile session with a slight increase in the benchmark KSE-100 Index by 0.22%. While the index rose to an intra-day high of 41,364.60 points, selling in the final stages caused the benchmark index to settle at 41,099.58 points. Economists credit the improvement in current account surplus as a reason for boosted investor confidence. The auto sector reported negative results as automakers posted huge losses. It is predicted that the auto sector will remain depressed due to a plunge in demand. The rupee remains stable against the US dollar, and the value of shares traded increased to Rs5.78 billion. Sectors lifting the benchmark index higher include banking, investment banking, and technology & communication. Meanwhile, Indus Motor Company reported a decline of 37% YoY while posting a quarterly net profit of Rs3.216 billion.

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By hassani

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