Selective buying lifts PSX after mid-session fall

Pakistan Stock Exchange (PSX) on Tuesday overcame a bout of profit-taking in the afternoon and ended trading on a firmer note as renewed buying helped the market recoup losses. Investor interest was bolstered by expectations of a breakthrough in efforts to resolve the US-Iran conflict, although profit-booking later in the session trimmed gains. The decline proved temporary as buyers returned to lift the market back into the green The benchmark KSE-100 index closed up 248.92 points, or 0.15%, at 171,402.08. During the proceedings, it hit the intra-day high of 171,680.74 and the low of 170,866.94. Oil and gas exploration, cement and power stocks led the recovery, while weakness in commercial banks and fertiliser shares kept the advance modest.