PSX Closing Bell - Index Recovers to Close 9.25 Points up.

KSE100 Index recovered just under 220 points or 0.70% in the last hour of trade to close 9.25 points up at 31,074.38. The index opened 102 points down at 30,962.95 and remained negative until the last fifteen minutes of trading. It traded in a range of 254 points or 0.80% of previous close, touching an Intraday high of 31,140.11 (+75) points and low of 30,885.36 (-179.77) points. The rally was attributed to the increase in Oil, which rose further above $30 a barrel on Tuesday, lifted by hopes that OPEC and non-OPEC producers may be edging closer to a deal to tackle one of the biggest supply gluts in decades. Brent crude rose 17 cents to $30.67 a barrel, rebounding from an earlier decline.

Total traded volume fell to 107 million shares compared 129 million from the previous session. Total companies traded were 303 out of which 126 closed up, 155 closed down while 22 remained unchanged. Market Cap. decreased by Rs.4.37 billion.

According to figures released by NCCPL, Foreign Investors were net sellers by USD 5.398 Million.