KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed positive momentum late in the session as the KSE-100 Index rose 0.5% owing to investors’ optimism of a staff-level agreement between Pakistan and the International Monetary Fund (IMF).
At close, the KSE-100 Index settled at 40,448.05, an increase of 201.38 points or 0.5%.
Trading got off to a good start, but selling pressure took hold and the market sank until midday. After lunchtime, there was a surge in buying activity, and the market ended higher.
The banking, oil, and automotive industries all ended the day in the black, while the cement market was mixed.
Sectors painting the benchmark KSE-100 Index in green included fertiliser (86.97 points), banking (69.69 points) and power generation and distribution (22.45 points).
Volume on the all-share index fell to 67.5 million from 94.8 million on Monday while the value of shares traded dropped to Rs2.28 billion from Rs3.05 billion recorded in the previous session.
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K-Electric was the volume leader with 3.5 million shares followed by WorldCall Telecom with 3.3 million shares and Hascol with 2.8 million shares.
Shares of 306 companies were traded on Tuesday, of which 156 registered an increase, 130 recorded a fall and 20 remained unchanged.
