KARACHI: Stocks ended with a gain on Tuesday after the US officially issued a positive statement regarding nuclear program of Pakistan.
The benchmark KSE-100 index of Pakistan ended at 41,839 points from previous day’s closing of 41,755 points, showing a gain of 84 points.
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Analysts at Topline Securities stated that Pakistan equities witnessed a positive day on account of US State Department’s positive statement regarding country’s Nuclear program.
The United States has said that it is confident of Pakistan’s ability to keep its nuclear assets safe and secure, dismissing speculations stirred by President Joe Biden’s off-the-cuff remarks about the country’s nuclear programme.
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“The United States is confident of Pakistan’s commitment and its ability to secure nuclear assets,” US State Department spokesperson Vedant Patel told journalists in Washington shortly after a meeting between Ambassador Masood Khan and Counselor Derek Chollet.
Besides, the positive sentiments also prevailed due to likely whitelisting in the upcoming FATF annual review. The official announcement is likely to arrive over the weekend.
READ MORE: Stocks end down by 137 points in mixed trading session
During the day, Tech, E&P & Fertilizer sector stocks contributed positively to the index where TRG, POL, SNGP, DAWH & FFC added 89 points, cumulatively. On the flip side, PSO, NESTLE and EPCL have witnessed some profit taking as they lost 25 points collectively, today.
Over 189 million shares traded today at the bourse while total value clocked in at Rs5.8 billion. WTL led the volumes chart today with trading of 29.8 million shares in it, today.
