KARACHI: The stock market gained 139 points on Tuesday in weak sentiments on falling rupee value.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,001 points as compared with previous day’s closing of 41,862 points, showing a gain of 139 points.
READ MORE: Pakistan stocks shed 86 points in range bound trading
Analysts at Arif Habib Limited said another range bound session was witnessed at the PSX today. The market opened in positive zone and continued to trade in a consolidated range as investor’s participation remained dull throughout the day due to weakening Pak rupee against US dollar. However, in the last trading hour value buying was noticed.
READ MORE: Weekly Review: market to stay range bound on inflation concerns
The Index closed at 42,001.34 points, up by 139.05 points (+0.33 per cent DoD). Sectors contributing to the performance include Banks (+75.0 points), Automobile Assemblers (+35.7 points), Cements (+33.5 points), Power (+22.0 points) and Textile (+8.5 points).
READ MORE: Pakistan stocks end up 123 points in range bound activity
Volumes decreased from 161.5 million shares to 118.5 million shares (-26.6 per cent DoD). Average traded value also decreased by 33.3 per cent to reach US$ 16.7 million as against US$ 25.2 million.
Stocks that contributed significantly to the volumes are HASCOL, KEL, QUICE, JSBL and WTL.
READ MORE: Pakistan stocks gain 59 points in lackluster trading
