KARACHI: The Pakistan Stock Exchange Tuesday remained bullish till midday after gaining 265.77 points to take the tally to 42704.81 points level.
Earlier, the stocks remained bullish as the benchmark 100-index added 205.82 points to reach 42644.86 points level in early trading.
On Monday, the PSX witnessed bullish activity and gained 114 points and closed at 42,439 points. E&P sector led the gains in the market as the sector closed 1.1% higher from its previous close. E&P sector gained on the back of rally in oil prices, adding to last week’s strong gains on growing expectations that global oil producers will find a way to cap output at a meeting scheduled for the end of this month. POL (1.13%) and OGDC (0.99%) were the major gainers of the aforementioned sector.
Overall, volumes decreased by 29.1% to 347m shares, while value decreased by 22.7% Rs9.3b/$90m. Global sell off in emerging markets led investors to remain cautious which resulted in narrow range session. Oil marketing companies led interest as PSO gained 1% while HASCOL closed at its upper limit of 5%.
