Talking to APP, Stock Analyst, Ismail Iqbal Pvt Ltd, Sadiq said that the consecutive positive announcement by corporate companies caused the bullish sentiments in the local markets.

He said that Allied Bank Limited (ABL) had announced the 25 per cent cash dividend along with 10 per cent bonus share for last quarter ended on December 31, 2012.

"The Askari bank Limited (AKBL) has also declared 15 per cent bonus share for the year ended on December 31, 2012 but it did not announce any cash dividend for said year,", he added.

Total volume of shares traded was 65,800, which was up by 41,340 as compared to a day earlier's closing.

Out of 129 companies' shares traded, the price of 67 was increased while the price of 62 decreased.

The price of top gainer Unilever Pakistan was increased by Rs.35.37 while the price of Abbott Laboratories decreased by Rs.3.07.

D.G Khan Cement (DGKC), Silk Bank Ltd and Fauji Fertilizer Company (FFC) remained volume leaders on Tuesday, with volume of 25,000, 10,000 and 8,100 shares respectively.