KARACHI: The benchmark KSE-100 index gained 346 points on Tuesday on better situation in Afghanistan. The Index of Pakistan Stock Exchange (PSX) ended at 47,258 points as against previous day’s closing of 46,912 points.
Analysts at Arif Habib Limited said that market traded in the positive zone after dissipation of the after effects of the situation in Afghanistan.
Uptick was observed across the board, with major impact from power, cement, O&GMCs and Technology sectors. It was coincided by autos and steel sectors.
This being a short trading week, investor sentiment skewed to positivity as selling subsided today.
Banking sector showed nominal performance amid profit booking. Among scrips, TPLP topped the volumes with 30.9 million shares, followed by GGL (16.9 million) and TRG (14.1 million).
Sectors contributing to the performance include Power (+96 points), Cement (+36 points), O&GMCs (+32 points), Banks (+32 points) and Technology (+23 points).
Volumes declined from 251.8 million shares to 246 million shares (-2 per cent DoD). Average traded value however, increased by 13 per cent to reach US $ 69.9 million as against 61.8 million.
Stocks that contributed significantly to the volumes include TPLP, GGL, TRG, WTL and TELE, which formed 35 per cent of total volumes.
Stocks that contributed positively to the index include HUBC (+81 points), PSO (+23 points), MCB (+16 points), KAPCO (+15 points) and TRG (+13 points).
Stocks that contributed negatively include BAHL (-6 points), KTML (-6 points), FCEPL (-4 points), PKGS (-3 points) and HBL (-3 points).
