KARACHI: The Pakistan Stock Exchange (PSX) witnessed further surge 42,047.36 points on the second trading day on Tuesday with after a gain of 191.05 points or 0.46 per cent from the previous day.
Arif Habib Ltd said the benchmark index opened in the green zone and moved within the same territory in the morning session.
It attributed the upward trajectory to the expected inflows from Saudi Arabia and China.
During the trading session, third-tier stocks received respectable volumes while overall volumes remained robust.
“We recommend that investors should avail any downside as an opportunity to buy in cement, technology and exploration and production sectors,” said JS Global.
Stocks contributing significantly to the traded volume included WorldCall Telecom Ltd (43.5m shares), Dewan Motors Ltd (17.7m shares), Hascol Petroleum Ltd (16.6m shares), Sui Southern Gas Company Ltd (14.8m shares) and TPL Properties Ltd (11.9m shares).
Sectors that contributed to the index performance were technology and communication (36.9 points), exploration and production (31.4 points), oil marketing (23.4 points), power generation and distribution (21.5 points) and commercial banking (16.8 points).
Companies registering the biggest increase in their share prices in absolute terms were Khyber Tobacco Company Ltd (Rs30.22), Bhanero Textile Mills Ltd (Rs17.94), Hinopak Motors Ltd (Rs14.99), AKD Hospi¬tality Ltd (Rs13.08) and Ser¬vice Industries Ltd (Rs10.79).
Shares that declined the most in rupee terms were Siemens Pakistan Engi¬neering Ltd (Rs38.72), Ismail Industries Ltd (Rs33.25), Shield Corpor¬ation Ltd (Rs21.63), Pakistan Engineering Company Ltd (Rs20), and Premium Textile Mills Ltd (Rs18.99).
