Buying returns to bourse, KSE-100 gains nearly 500 points in early trade

Positive momentum returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 500 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 162,464.85, a gain of 480.77 points or 0.30%. Buying interest was observed in key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks ARL, OGDC, POL, PPL, PSO, SNGPL, SSGC, MCB, MEBL and UBL traded in the green. On Monday, Pakistan equities closed lower with the benchmark KSE-100 Index slipping in a subdued session marked by muted volatility, reduced investor participation, and caution at the start of the roll-over week.