The Pakistan Stock Exchange (PSX) continued its upward momentum for a second consecutive session on Tuesday, with the benchmark index rising by 641.87 points, or 0.47%, the current index at 137,144.40 during intra-day trading.
The market touched an intraday high of 137,727.63 and a low of 136,498.16, reflecting stable investor sentiment. Tuesday’s gains follow a positive close on Monday, signalling sustained buying interest.
Total traded volume reached 118,048,153 shares, while the overall value of traded securities stood at Rs. 8.92 billion. The previous session closed at 136,502.53.
Analysts attributed the continued gains to improving corporate outlooks and positive cues from regional markets.
Read: In fresh peak, PSX rises past 136,000 mark
Earlier on Monday, PSX surged past the 136,000 mark amid encouraging economic developments and strong interest from mutual funds and institutional investors.
The benchmark KSE-100 index added another 2,202.77 points, or 1.64%, to settle at 136,502.54 at the close of trading.
Since the commencement of the session, the market began its gradual ascent and didn’t look back, reaching the intra-day high at 136,841 just before the end of the day’s proceedings.
Banking sector heavyweights led the momentum, with UBL, HBL, Fauji Fertiliser Company, Bank AL Habib and MCB Bank collectively contributing 1,443 points to the benchmark index.
Arif Habib Limited (AHL), in its report, called Monday’s trading a very strong start to the week with the KSE-100 gaining 1.64% day-on-day to clear the 136k level.
Some 62 shares rose while 36 fell on the index, where UBL (+5.45%), HBL (+9.43%) and Fauji Fertiliser Company (+1.67%) contributed the most to index gains.
In contrast, Pakistan Petroleum (-0.69%), PSO (-0.91%) and National Foods (-2.47%) were the biggest drags, it said.
