KARACHI: The upward rally continued at Pakistan Stock Exchange as the benchmark 100-index added 188.94 points to reach 39665.11 points level till midday on Tuesday.
Earlier, the stocks opened bullish with huge 226.61 points to reach 39702.78 points level in early trading.
On Monday, the PSX witnessed some recovery due to buying mainly led by oil and banking stocks. PSX 100-share index gained 85.96 points to close at 39,476.17 points. Lackluster activity was observed at the local bourse, brokers said. OGDC (up 0.89%) and POL (1.47%) in the E&P sector gained to close in the green zone, as the crude oil prices surged to trade above $42/bl level (WTI). The banking sector helped the index close in the green as UBL (up 3.62%) and HBL (1.08%) led the gains. Traded volumes decreased by 24% to 199m shares and value decreased by 12% to Rs 7.9b. KEL led the volumes with 25.7m shares traded. Stock gained 0.2%.
