Buying observed at PSX, KSE-100 up nearly 500 points in early trade

Positive sentiments were observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 500 points during the opening minutes of trading on Tuesday. At 9:45am, the benchmark index was hovering at 178,970.18, up by 498.32 points or 0.28%. Buying was observed in key sectors, including cement, commercial banks, oil and gas exploration companies, OMCs, and power generation. Index-heavy stocks, including HUBCO, OGDC, POL, PPL, PSO, HBL, MCB and UBL, traded in the green. On Monday, the PSX ended lower as investors resorted to profit-taking after the market’s strong rally in recent sessions. The benchmark KSE-100 Index declined by 450.89 points, or 0.25%, to close at 178,471.87 points.