PSX Closing Bell: Bulls Hit the Gas

According to Mettis Global, the benchmark KSE-100 gained 2,592.79 points, or 1.56 per cent, to close at 168,460.10 on Tuesday. The rebound came after a sharp fall on Monday, as buying returned across a wide range of stocks. Sentiment improved after Prime Minister Shehbaz Sharif said the government would not let protest politics hurt the economy, and that legal steps would protect lives and property.

Intraday trading spanned 2,974.51 points, with a high of 168,626.18 and a low of 165,651.67. Market breadth was strongly positive, with 83 companies in the index ending higher, 16 lower and one flat, while traded volume reached 192.37m shares. AGP led the gainers with a 7.59 per cent rise, ahead of TRG, CNERGY, AIRLINK and GHNI, while SSOM was the biggest decliner at 9.97 per cent.

ENGROH added the most points at 217.05, followed by HUBC with 198.33, while SAZEW pulled the index down by 27.82 points. Commercial Banks contributed the largest sector gain of 733.85 points, ahead of Oil & Gas Exploration Companies. The All-Share Index finished at 101,751.43, up 1.33 per cent, and traded value rose by Rs4.43bn to Rs20.14bn.