KARACHI: The bulls ruled the Karachi Stock Exchange on Tuesday as 100-index added 82.84 points to reach 33927.14 level, with the total volume of 11,253,700 shares in early trading.
On Monday, after initial gains of 196 points, the market closed only up 69 points at 33,844 level with volumes of over 263m shares. As the government’s announcement of reducing the PSDP by Rs58b, the cement sector witnessed pressure as investors chose to book gains. Resultantly, most of the scripts including FCCL down 1.7pc, PIOC 1.1pc, CHCC 1.0pc) and KOHC 0.5pc remained in red. As Arab Light trades above $60/bbl, ATRL rose 5pc, SHEL 2.6pc and NRL 1.1pc respectively rallied, making the oil sector favourable in short term.
