Pakistan stocks gain 174 points amid lackluster trading

Pakistan stocks gain 174 points amid lackluster trading

KARACHI: Pakistan stocks gained 174 points on Tuesday in a lackluster trading session during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,714 points from previous day’s closing of 41,540 points, showing an increase of 174 points.

READ MORE: Stocks dip by 158 points as investors remain jittery

Analysts at Arif Habib Limited said that another range-bound session was witnessed at the PSX during the day.

The market opened in the red but soon the momentum changed as the market traded in the green throughout the day after political clarity.

READ MORE: Weekly Review: stocks may observe range-bound trading

Although Investor participation remained sluggish in the mainboard on the contrary 3rd tier stocks continued to dominate the volume board.

Sectors contributing to the performance include Fertilizer (+84.0 points), Commercial Banks (+64.0 points), Miscellaneous (+43.9 points), Technology & Communication (+24.1 points), Tobacco (+17.3 points).

READ MORE: Pakistan stocks inch up in range-bound trading

Volumes increased from 133.6 million shares to 144.8 million shares (+8.5 per cent DoD). The average traded value also increased by 16.2 per cent to USD 16.7 million as against USD 14.4 million.

Stocks that contributed significantly to the volumes are PTC, DFML, WTL, FCCL, and TPLP.

READ MORE: Stocks shed 167 points in range-bound session