KARACHI: Pakistan equities extended gain on Tuesday amid positive sentiments prevailed over expectation of inflows from China and Saudi Arabia.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,265 points from previous day’s closing of 42,047 points, showing a gain of 218 points.
READ MORE: Pakistan stocks up 191 points on inflows expectations
Analysts at Topline Securities said that the market continued its yesterday positive momentum over expectation of rollover of $13 billion upcoming debt payment from China and Saudi Arabia further investors also cheered decline in international coal prices which led the Cement sector to remain in limelight.
Meanwhile, the analysts at Arif Habib Limited said that the market witnessed another range bound session during the day.
READ MORE: Weekly Review: investors may cautious over political noise
The market opened in the positive zone continuing its momentum from the previous close as investors’ participation remained sluggish throughout the trading session.
Investors continued value hunting across the board although the cement sector remained in the limelight due to international coal prices plummeting.
READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March
Sectors contributing to the performance include Commercial Banks (+97.9 points), Cement (+61.6 points), Fertilizer (+43.2 points), E&P’s (+40.3 points) and Automobile Assembler (+26.7 points).
Volumes decreased from 240.2 million shares to 237.4 million shares (-1.2 per cent DoD). The average traded value increased by 6.5 per cent to $ 26.2 million as against $ 24.6 million.
Stocks that contributed significantly to the volumes are FFL, WTL, CNERGY, HASCOL and HBLTETF.
