KARACHI: Pakistan stocks ended up 297 points on Tuesday owing to pledges made by international community for rehabilitation of flood disaster.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,801 points from previous day’s closing of 40,504 points, showing a gain of 297 points.
READ MORE: Pakistan stocks fall 503 points as bears gain control
Analysts at Arif Habib Limited said that the bulls took charge at the PSX during the day.
The market opened in the green and traded with positive sentiments throughout the session after the international community pledged $10.7 billion to Pakistan as much-needed aid for rehabilitation, recovery, and reconstruction of the flood-affected areas at an international conference.
READ MORE: Weekly Review: market likely to move in green on expected IMF talks
Healthy volumes were recorded across the mainboard however, the Refineries and Cement sectors remained in the limelight throughout the day.
Sectors contributing to the performance include Cement (+90.0 points), Technology & Communication (+49.7 points), Commercial Banks (+33.8 points), Automobile Assembler (+21.2 points), and Power Generation & Distribution (+20.2 points).
READ MORE: Pakistan stocks gain 290 points on IMF visit report
Volumes increased from 163.9 million shares to 214.3 million shares (+17.8 per cent DoD). The average traded value decreased by 3.6 per cent to USD 28.8 million as against USD 29.8 million.
Stocks that contributed significantly to the volumes are CNERGY, UNITY, PRL, TPLP and PPL.
READ MORE: Stocks end up amid political uncertainty keeps investors away
