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KARACHI: Bulls staged a comeback at the Pakistan Stock Exchange (PSX) on Tuesday, with the indices accumulating gains all day long amid positive sentiments.
The benchmark KSE-100 Index remained in the green zone throughout the day, marking its intraday high at 44,066.16 after accumulating 785.39 points. It closed higher by 572.72 points at 43,853.49.
Among other indices, the KMI-30 index appreciated 1121.27 to end at 70,730.94, while the KSE All Share Index gained 389.57 points, settling at 30,010.45.
Sectors contributing to the performance included exploration and production (+115 points), technology and communications (+114 points), cement (+85 points), refinery (+27 points) and textile composite (+25 points).
Shares of 347 companies were traded during the session. At the close of trading, 247 scrips closed in the green, 82 in the red, and 18 remained unchanged.
Overall trading volumes soared to 229.4 million shares compared with Monday’s tally of 176.9 million. The value of shares traded during the day was Rs8.4 billion.
Telecard Limited was the volume leader with 27 million shares traded, gaining Rs0.79 to close at Rs14.70. It was followed by TPL Properties with 15.7 million shares traded, gaining Rs2.58 to close at Rs14.76, and Treet Corporation with 14.8 million shares traded, gaining Rs1.82 to close at Rs41.77.
