KARACHI: The Pakistan Stock Exchange Tuesday added huge 512.48 points to touch another highest-ever level of 38880.44 points till midday.
Earlier, the stock market reached 38624.76 points level by gaining 256.80 points just after opening.
On Monday, the local equities roared higher on the first trading day after Eid holidays with the benchmark KSE 100-share Index settling above 38,000 points. At close, the Pakistan Stock Exchange’s (PSX) benchmark index registered an increase of 1.06% or 401.20 points to end at 38,367.96. A rally was also recorded in the cement sector on the back of local demand that surged 9.2% year-on-year in June. Top performers of the sector were Lucky Cement and DG Khan Cement. Trade volumes increased to 160 million shares compared with previous Monday’s tally of 111 million. Shares of 323 companies were traded. At the end of the day, 202 stocks closed higher, 97 declined while 24 remained unchanged. The value of shares traded during the day was Rs12.5 billion.
