KARACHI: The upward rally continued at the Pakistan Stock Exchange as the benchmark 100-index gained 165.81 points to reach 41152.12 points level till midday on Tuesday.
Earlier, the stocks added another 146 point to cross 41,000 mark and reached 41132.32 points level in early trading.
On Monday, the Pakistan Stock Exchange closed yet again at an all-time high on speculations ahead of earnings season. Positivity prevailed at the stock market as the 100-share index surged by 444.50 points to close at the highest ever level of 40,986.31 points. Top index movers of the heaviest weight sector were UBL (up 2.45%) and MCB (1.81%). Rally in the cement sector was witnessed in anticipation of strong dispatch numbers for the month of September. Volumes increased by 30% to 568m shares while value rose by 25% to Rs17.5b/$168m. Attractive valuations led LUCK to close at its upper limit of 5%, while DGKC and MLCF gained 2.2% and 4.8% respectively. Interest in banks led UBL and MCB to gain 2.4% and 1.4% respectively.
