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KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed an upbeat trading session as the KSE-100 Index jumped 0.83% on the back of encouraging market news.
By the end of the session, the KSE-100 Index rose 346.79 points or 0.83% to close at 41,927.64 points.
The market saw a sharp upward open and strong buying activity helped maintain the trend till the end of the session.
Index-heavy automobile, cement, fertilizer, banking and chemical sectors closed in the green. Oil and gas space ended the day in the red.
Sectors painting the benchmark KSE-100 index in green included banking (207.16 points), cement (130.92 points) and fertiliser (49.51 points).
Volume on the all-share index fell to 220 million from 268.1 million on Friday while the value of shares traded increased to Rs6.25 billion from Rs5.78 billion recorded in the previous session.
Fauji Foods was the volume leader with 22.6 million shares followed by Silk Bank with 15.6 million shares and Maple Leaf Cement with 8.7 million shares.
Shares of 357 companies were traded on Monday, of which 179 registered an increase, 152 recorded a fall and 26 remained unchanged.