KARACHI: Soon after the opening, the Pakistan Stock Exchange took a nosedive and shed 59 points, but bounced back and added 26.29 points to reach 40247.05 points level in early trading on Tuesday.
On Monday, bulls returned to the stock market mainly due to blue chip scrips’ buying as the benchmark 100-share index again crossed 40,220.76 points (1.10 per cent) after rallying by 438.81 points. Positivity prevailed in the market as investor interest was seen in textile sector. NML, NCL and GATM gained to close on their respective upper circuits. UBL (up 2.55 per cent) and MCB (0.62 per cent) led the gains in the banking sector, as the sector gained to close (up 0.89 per cent) higher from its previous day’s close. MUGHAL (down 1.3 per cent) lost value to close in the red zone, as the steel manufacturer declared its result for FY16.
