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Investors’ sentiment at the Pakistan Stock Exchange (PSX) strengthened on Tuesday and the KSE-100 Index rose 0.69%, a development largely attributed to political clarity.
Market participants assumed fresh positions as political temperature cooled, tossing the market above the 42,000-point psychological barrier.
At close, the KSE-100 Index was up 287.82 points or 0.69% to settle at 42,006.24.
Despite a volatile open, buying activity gripped the market in early hours and lifted it steadily throughout the session.
Index-heavy automobile, cement, chemical and oil segment closed with a gain while banking sector turned red.
Sectors adding gains to the benchmark KSE-100 index included oil and gas exploration (109.27 points), banking (63.85 points) and fertiliser (44.33 points).
Volume on the all-share index soared to 196.2 million from 109.2 million on Monday, while the value of shares traded rose to Rs5.77 billion from Rs3.37 billion recorded in the previous session.
PTCL was the volume leader with 15.6 million shares followed by WorldCall Telecom with 14.1 million shares and Hum Network with 12.7 million shares.
Shares of 324 companies were traded on Tuesday, of which 178 registered an increase, 120 recorded a fall and 26 remained unchanged.