KARACHI: The Pakistan Stock Exchange (PSX) saw strong investor confidence on Tuesday, resulting in a 0.8% increase in the KSE-100 Index due to late-session purchasing activity.
Investors’ renewed optimism on the potential restart of the International Monetary Fund (IMF) program encouraged them to make new purchases.
The KSE-100 index closed the trading session at 41,671.65, an increase of 331.59 points or 0.8%.
All index-heavy sectors including automobile, banking, cement, fertiliser and oil ended the day in the green.
Sectors lifting the benchmark KSE-100 index higher included cement (104.60 points), oil and gas exploration (69.54 points) and technology and communication (62.23 points).
Volume on the all-share index fell sharply to 197.7 million from 346.4 million on Monday, while the value of shares traded contracted to Rs6.4 billion from Rs6.42 billion recorded in the previous session.
WorldCall Telecom was the volume leader with 31.1 million shares followed by Air Link Communication with 21.3 million shares and TPL Properties with 10.8 million shares.
Shares of 342 companies were traded on Tuesday, of which 211 registered an increase, 107 recorded a fall and 24 remained unchanged.
