PSX Closing Bell: Green Takes the Checkered Flag

Mettis Link News reported that the benchmark KSE-100 climbed 1,421.67 points, or 0.85 per cent, to close at 169,392.32 on Tuesday. Buying spread across lenders, cement makers, fertiliser firms and exploration companies after a recent sell-off. Of the 100 index companies, 72 ended higher, 26 lower and two were unchanged.

Leading gainers were IBFL, up 10.00 per cent, followed by MEHT at 8.06 per cent and PSEL at 7.96 per cent. Among the weakest were PABC, JVDC, MEBL, SHFA and AGP, with MEBL alone shaving 147.65 points off the index. On a points basis, FFC, LUCK and BAFL were among the largest contributors to the rise.

Market turnover eased, with volume falling to 372.02 million shares from 570.47 million in the previous session. Traded value dropped by Rs7.46 billion to Rs17.21 billion across 272,983 trades in 494 companies. The All-Share Index finished 0.62 per cent higher at 102,246.76, adding 626.88 points.