KSE-100 index gains 411 points as volumes surge

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Volumes surged at Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 index gaining 412 points, or 0.96 per cent, to close at 43,253.

KSE-100 index began higher than Monday but lost points in the middle only to recover and hit the day's high of 43,297 points towards the day's close.

Volumes at the exchange saw a 100 million increase over Monday's volumes with 218.75m shares worth Rs11.3 billion being traded in the day.

"Renewed foreign inflows, United Kingdom's announcement for support of GSP plus scheme and surging sales data in cement, oil, autos and fertilizer sectors played a catalyst role in higher close," Ahsan Mehanti of the Arif Habib Corporation said.

A total of 360 symbols were traded, of which 236 advanced, 112 declined and 12 remained unchanged. Engineering and technology sectors dominated the session with 43m and 37m shares traded, respectively.

Volumes were led by:

Dost Steels Ltd: 27.3m shares traded [+5.00pc]

WorldCall Telecom: 16.4m shares traded [+15.03pc]

TRG Pak Ltd: 15.5m shares traded [+2.75pc]

Aisha Steel Mill: 10.4m shares traded [+2.16pc]

Pace (Pak) Ltd: 9.3m shares traded [+15.77pc]

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