Pakistan Stock Exchange up by 386 points
The Pakistan Stock Exchange gained 386.08 points on Tuesday, as the KSE-100 Index closed the session at 34,408.05.
During the day, the index remained in the positive zone and reached the level of 34,525.27 at one point.
A total of 159,966,513 shares of 334 companies were traded during a session which saw the share prices of 153 companies going up and that of 154 witnessed losses, while the value of 13 remained unchanged.
The market is witnessing a positive trend since May 28 when the index was at 33,695.42.
Earlier, the index had dipped to the level 32,314.57 on April 27, but since then it made an overall gain of by June 2 (Tuesday) 1,389.85, which means the market is directionless for such a long period. However, some may disagree and describe it as a stable phase.
It was mixed day for the automobile, cement, chemical, engineering and fertilizer as well as food and personal care product sectors. However, the commercial banks were among the best performers as share prices of every bank went up barring three.
Of these, the shares of Habib Metropolitan Bank and Samba Bank were down by Rs1.04 and Rs0.02 respectively while that of The Bank of Khyber remained unchanged.
Same was the case with the textile sector as the most companies saw an increase in their prices.
Meanwhile, the overwhelming majority of the pharmaceutical and power and distribution companies suffered loses.