KARACHI: The upward rally continued at the Pakistan Stock Exchange as the benchmark 100-index added 253.47 points level till midday on Tuesday.
Earlier, the PSX opened bullish and added 150.54 points to reach 43890.51 points level in early trading.
On Monday, the PSX touched new highs of 43,740 points after rallying by 469 points. E&Ps led the gains in the market as the sector closed up 4.3% as crude oil prices surged to trade above $52/bbl. OGDC (up 4.93%) and POL (3.81%) were major movers of the aforementioned sector. FCCL (up 2.17%) and CHCC (1.52%) were top performers in the sector. Fertilizer sector also continued its positive momentum on the back of surge in international urea prices as well as on the ECC’s decision to cut gas prices by Rs200/mmbtu for industrial consumers, which is also applicable on gas fuel for fertilizer industry. Of total 417 active scrips that participated in session, 213 closed in green, 186 in red while 18 remained unchanged.
