Closing Bell - Index Gains 1.51 Percent

Pakistan Stock Exchange started the week on a positive note on Monday and has continued the momentum onto Tuesday. The sentiment was bullish in the market, as it closed 773.46 points higher than yesterday’s tally. By the close of trading the market reached a total of 52,146.97 points. As Emerging Markets stocks have another good day.

The buying trend from local mutual funds continued from yesterday. The sectors which gained the most were Commercial Banks, Oil & Gas and Fertilizer. 

The market leaders in today session were Wyeth Pak +5.00%, Millat Tractors +3.88, Unilever Foods 0.81%, Exide Pak +5.00% and Indus Dyeing +5.00%.

The decliners in today’s session were Sapphire Fiber -5.00%, Sanofi-Aventis -1.78%, Khyber Tobbaco -1.56%, Al-Abbas Sugar -4.36% and Thal Ind Corp-1.84%.

All Share Volume increased by 83.73 Million to 323.92 Million Shares. Market Cap increased by Rs.123.96 Billion.

Total companies traded were 417 compared to 394 from the previous session. Of the scrips traded 273 closed up, 132 closed down while 12 remained unchanged.

Total trades increased by 20,667 to 109,796.

Value Traded increased by 7.05 Billion to Rs.19.62 Billion