Bulls thronged Karachi Stock Exchange on Tuesday on the back of investors’ interest mainly in fertiliser, banking and oil sector stocks. The KSE-100 Index surged by 192.51 points to close at 11,305.16 level. Despite a worsening political climate investors remained optimistic and chose to opt for blue chip stocks. Investor activity increased, on the back of positive news from the fertiliser, banking and oil sectors.
Trading activity also improved as daily volumes increased to 53.112 million shares as compared to 26.681 million shares traded on Monday. Compared from the previous day, the increase in daily volumes is certainly a good omen for the investors.
Of total 321 active stocks, 141 closed in the positive and 90 in the negative while the value of 90 stocks remained unchanged. Engro Corp. was the volume leader with 5.977 million shares and gained Rs4.56 to close at Rs100.45.
