KARACHI: Driven by falling commodities prices and lowest inflation, stocks appeared bullish and gained 266.91 points or 0.85 percent to reach 31,566.63 points in early trading on Tuesday.
The benchmark KSE 100-index kept ticking upward and consolidated its position, boosting confidence of the investors.
The market opened at the overnight closing of 31299.72 points and remained on positive noted.
Analysts and experts attributed the bullish trend to falling prices of commodities, especially the oil and lowest inflation which was at six years low. They said that rising political noise and major fall in global crude oil prices kept selling pressure in oil sector amid fears for inventory losses.
