PSX: buying at bourse, KSE-100 up nearly 1,500 points

Buying returned to the Pakistan Stock Exchange on Tuesday, lifting the benchmark KSE-100 index by nearly 1,500 points during trading. Business Recorder reported that at 2:20pm the index stood at 167,366.98, a gain of 1,499.67 points, or 0.90%.

Gains were spread across several sectors, among them car assemblers, cement makers, lenders, exploration firms, fuel marketers, power producers and refiners. Index heavyweights such as ARL, HUBCO, OGDC, PPL, POL, HBL, NBP and UBL moved into positive territory. The rebound followed a steep fall on Monday, when the index dropped 2,288.17 points, or 1.36%, to close at 165,867.32 amid political uncertainty and higher international crude prices.

Abroad, Asian shares advanced after a tech-led rally pushed the Nasdaq to a record close, while the euro stayed near 17-month lows. Nvidia rose 2.1% to a record high close, taking its market value to $5.76 trillion.