KARACHI: The share market gained 596 points on Tuesday after a peaceful rally of various political parties under the umbrella of Pakistan Democratic Movement (PDM) and lower reported cases of coronavirus.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,665 points as compared with the previous day’s closing of 41,069 points, showing a gain of 596 points.
Analysts at Topline Securities said that the market continued its positive momentum with the KSE-100 Index closing the day at 41,665.
Safe completion of the PDM rally along with lower COVID cases improved sentiment at the bourse.
Major positive contributors to the benchmark index were HUBC, ENGRO & PAKT who cumulatively added 170.43 points to the index.
Volumes also saw an uptick with the total traded volume clocking in at 489 million shares while total traded value was registered at Rs19.5 billion.
UNITY was today’s volume leader with 67.87 million shares traded and the stock closing up 7.05 percent amid news reports that the company is all set to issue a Rs3 billion Sukuk to fund its working capital requirements.
