Bulls and bears struggled to gain feat at Kse-100 index, as Pakistan Stock exchange attempts to look for a direction following the uncertainty which has riled the investors’ sentiments. On Tuesday, kse -100 attempted to recover some losses with an over 300 points rally, however failing to sustain the momentum, the index lost the ground to profit taking. The kse-100 index closed at 40,184.01 after gaining 61.51 points by the closing end of the session. The benchmark index witnessed an early rally after State Bank of Pakistan’s data revealed that Pakistan received record high remittances of $2.768 billion in the first month of the new fiscal year, following the record $23bn remittances during the outgoing financial year. Country’s central bank said this is the highest-ever level of remittances in a single month in Pakistan. However, the index heavy weight Fertilizer Sector continues to take losses post Supreme Court (SC) verdict which dismissed all petitions against the Gas Infrastructure Development Cess (GIDC) levy and ruled in favour of the federal government which would collect Rs420 billion from different companies. Among the sector, Engro Fertilizers Limited and Fauji Fertilizer Bin Qasim Limited continue to lose ground.During the trading session, the investment chart witnessed a mixed trend with buying table being led by Mutual Funds with $2.7 million worth of equities followed by Individuals with $1.5 million worth of equities. Meanwhile, the sell table was led by foreign investors with $2.3 million worth of equities, followed by brokers with $1 million worth of equities. The benchmark KSE-100 remained range bound through most of the session , marking its intraday high at 40,434.60 points after gaining 312 points. The index recorded a volume of 295 million shares, while the overall market volumes also clocked at 458.8 million shares.The volume chart was led by Pakistan International Bulk Terminal, followed by Pakistan Refinery Limited and D.G. Khan Cement Company Limited. The scrips exchanged 35.58 million, 27.57 million and 26.78 million shares, respectively. Sectors which lifted the index included Cement with 120 points, Oil & Gas Exploration Companies with 21 points, Pharmaceuticals with 12 points, Transport with 9 points and Investment Banks with 7 points. Among the scrips, most points added to the index was by Lucky Cement Limited which contributed 33 points followed by DG Khan Cement with 31 points, Cherat Cement Company Limited with 23 points, Oil & Gas Development Company Limited with 14 points and Bank Al Habib Limited with 14 points.Sectors which dented the index included Commercial Banks with 64 points, Fertilizer with 18 points, Technology & Communication with 17 points, Oil & Gas Marketing Companies with 11 points and Automobile Assembler with 8 points. Among the scrips, the most points taken off the index was by United Bank Limited which stripped the index of 28 points followed by Habib Bank Limited with 25 points, TRG Pakistan Limited with 18 points, Pakistan State Oil with 15 points and ENGRO with 11 points. Global markets: Global stocks were mixed on Tuesday amid escalating Sino-U.S tensions as Investors closely the followed the developments in the U.S.-China technology war. This comes after President Donald Trump’s administration moved to further tighten restrictions on Chinese based tech giant Huawei by effectively cutting the telecommunications giant off from chips made by foreign firms that have been produced with U.S. software or technology. Moreover, investors’ sentiments were dented after South Korea reported mounting concerns are over a potential “massive outbreak” of covid-19 cases.In Asia, most of the stocks traded mixed with South Korea’s benchmark index Kospi leading the losses which slipped 2.46% to close at 2,348.24, with shares of automaker Hyundai Motor plunging 5.39%.In Japan, the Nikkei 225 also dipped 0.2% to close at 23,051.08. However, Chinese stocks bucked up the trend with Shanghai composite gaining 0.36% to close at about 3,451.09, while Hong Kong’s Hang Seng fell flat.Meanwhile, European stocks lost the ground along with major bourses. The pan-European Stoxx 600 pared its earlier gains to edge just below the flatline, with financial services falling 0.5% while the insurance sector gained 0.5%. Among the major markets, UK’s FTSE-100 led the losses to close at 0.77% lower followed by CAC-40 in France which lost 0.64% and Germany’s DAX which lost 0.34%.In the U.S, Wall Street picked up the pace lifting S&P 500 to briefly break above an all-time high that was set before the pandemic sent the broader market index crashing. The index traded 0.1% lower after it surpassed an intraday record of 3,393.52 set on Feb. 19. The S&P 500?s move into record territory came after the index flirted with its all-time closing high of 3,386.15 for more than a week. Meanwhile, the tech heavy Nasdaq Composite also hit a record, trading 0.1% higher. However, Dow Jones Industrial Average dented the trend and fell nearly 100 points.However, the markets will be closely following the developments over a possible $1.1 trillion U.S covid-19 stimulus package as republican and democrat lawmakers struggle to break a stalemate.