KARACHI: The free-fall at the Pakistan Stock Exchange (PSX) was under control today (Tuesday) as the stock market rebounded after plummeting yesterday.
Stocks staged a rally, as indices were seen accumulating gains all day long. Clenching 1,387.46 points the KSE-100 index marked its intraday high of 40,499.64 points. It settled with addition of 1,368.70 pts at 40,480.88.
Among other indices, the KMI-30 index gained 2,534.73 points ending at 64,655.89 points. While the KSE All Share index closed higher by 864.72 points at 28,430.93 points.
Total market volumes jumped from 322.16 million shares in the last session to 383.93 million shares. Unity Foods Limited (UNITY +3.74%), Power Cement Limited (POWER +10.02%), and Hascol Petroleum Limited (HASCOL +7.31%) witnessed the highest volumes.
Sectors adding gains to the KSE 100 index included the Banking sector (356.40 points), Oil and Gas Exploration sector (169.94 points), and the Cement sector (157.14 points).
Global equity markets also showed a positive trend. Crude oil prices moved north with WTI crude oil price appreciating by 2.28% to US$ 37.67 while Brent crude oil price surged by 2.16% to $39.80.
