KARACHI: Pakistan’s stocks ended up by 107 points on Tuesday amid volatile trading due to mounting international oil prices.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,948 points as against 45,841 points, showing an increase of 107 points.
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Analysts at Arif Habib Limited said that the market remained volatile during the day due to mounting international oil prices.
Cement sector stayed under pressure due to higher international coal prices.
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In the chemical sector, EPCL made the journey to the north as it announced tremendous financial result beating market expectations.
Physiological level of 46,000 was unable to digest by the investors as profit taking was witnessed across the board. Main board activity remained gloomy.
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Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.
Sectors contributing to the performance include Fertilizer (+80.9 points), Chemicals (+32.9 points), Inv. Banks (28.7 points), Textile Composite (23.8 points) and Power (+16.7 points).
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Volumes increased from 150.1 million shares to 187.4 million shares (+24.8 per cent DoD). Traded value also increased by 13.5 per cent to reach US$ 40.7 million as against US$ 35.8 million.
Stocks that contributed significantly to the volumes include HUMNL, EPCL, WTL, KEL and PAEL.
