Market watch: KSE-100 inches up in lacklustre session

A dull session was witnessed at the Pakistan Stock Exchange on Tuesday as a surge in Covid-19 cases kept investors on the sidelines and restricted the advance of KSE-100 index, which closed with a marginal gain of 12 points.

The tally of domestic virus cases continued to mount in some densely populated districts in the country, limiting market participants’ ability to discount virus fears.

Moreover, a tumultuous political situation in Afghanistan also played on investors’ mind and resulted in range-bound trading.

The session began on a positive note, however, the sombre mood soon dragged the index into the red zone. In the second half, the index erased losses and entered the positive territory, but the lack of investor interest restrained the market from posting substantial gains and it ended the day on a flat note.

At close, the benchmark KSE-100 index recorded an increase of 11.86 points, or 0.03%, to settle at 47,135.48.