Bulls dominated trading on the Pakistan Stock Exchange on the second of the current following skyrocketed recovery in the rupee against the American currency, reported 24NewsHD TV channel.

The KSE-100 index gained 275 points and reached 41,427 points in the early morning session.  

A number of factors of market boost and Rupee rise contributed include PMLN leader Ishaq Dar is all set to lead the Finance Ministry and will be taking all the critical financial decisions of the country, the investors’ expectations about an exit from the grey list of the Financial Action Task Force (FATF) next month and the likely inflows from the International Monetary Fund, Asian Development Bank and friendly countries.

On Tuesday, the KSE-100 index settled at 41,151.54 points, up 531.33 points or 1.31pc from the initial session.

The trading volume increased 28.9pc to 213 million shares while the traded value went up 38.5pc to $40.2m on a day-on-day basis.

Reporter Habib Khan