The Pakistan Stock Exchange (PSX) witnessed another positive session on Tuesday, as its benchmark KSE-100 added 142 points to close a new high of 56,665.93.
The KSE-100 started the session on a positive note, but soon went into negative territory due to profit-taking.
However, the index saw a strong buying spree in later part of the day and closed the session in the green, up by 142 points or 0.25%.
“After extreme volatility the market managed to close on a positive note today, however decent profit-taking was witnessed during the session,” brokerage house Ismail Iqbal Securities said in its post-market report.
During the session, power generation and distribution, technology and communication, and automobile assembler sectors remained the major contributors, the brokerage house said.
On Monday, the KSE-100 Index crossed the 56,500 level for the first time in its history, amid a gain of over 1,132 points.
Meanwhile, the Pakistani rupee sustained losses for the 16th successive session against the US dollar, as it depreciated 0.11% in the inter-bank market on Tuesday. As per the State Bank of Pakistan, the currency settled at 287.87, a decrease of Re0.32.
Volume on the all-share index decreased to 526.3 million from 660.6 million a session before.
The value of shares rose to Rs22.4 billion from Rs21.1 billion in the previous session.
Pak Refinery remained the volume leader with 44.4 million shares, followed by Cnergyico PK with 40 million shares and WorldCall Telecom with 27.4 million shares.
Shares of 367 companies were traded on Tuesday, of which 185 registered an increase, 161 recorded a fall, while 21 remained unchanged.
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