The Pakistan Inventory Trade ended Tuesday’s buying and selling session on a constructive observe, with the benchmark KSE-one hundred index gaining 362 factors, or zero.seventy four per cent, by the shut of the buying and selling session to succeed in forty nine,059.60.
The benchmark index crossed the forty nine,000 level barrier after a day of erratic buying and selling, as volumes have been led by engineering and energy era and distribution scrips.
Round ninety four million shares had modified arms by the top of the session, with a complete value of almost Rs7.22 billion.
Shares of 385 corporations have been traded, of which 285 gained in worth, eighty three declined and 17 remained unchanged.
Volumes have been led by:
Okay-Electrical Ltd.: 36m shares traded [-1.99pc];
Aisha Metal Mill: 25.6m shares traded [+4.97pc];
Energy Cement Ltd.: 10.6m shares traded [+5.26pc];
Pak Refinery: 10.3m shares traded [+3.32pc]; and,
Azgard 9: 9.23m shares traded [+0.19].
“Shares closed sharply larger led by oil, banking and cement scrips on robust valuations,” stated analyst Ahsan Mehanti.
“Mid-session strain was witnessed on considerations for $5.4bn present account deficit for Jul-Feb 2017,” continued Mehanti.
“Constructive sentiments amid overseas inflows, authorities-proposed PSDP commitments and consequence of CPEC tasks performed a catalyst position within the bullish shut,” he added.
“Volumes recovered from yesterday on rumors that a new product for margin financing shall be launched quickly,” learn a analysis notice from Topline Securities. “The Index, in consequence, gained 322 factors, or zero.66pc, to shut at forty nine,020 degree.”
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