The KSE100 index closed up 341pts at 34184. Turnover fell 20pc and value traded by 30pc to 195mln shares and Rs. 9.8bln.
The government retook NA-122 in a toughly contested election with the PTI. International crude oil prices and expectation of oil prices bottoming out coupled with heavy underperformance of E&P companies saw interest in these stocks reemerge today. For the time being the market seems to be taking daily foreign net outflows in stride.
Noon Pakistan, Gadoon Textiles, Avanceon, CYAN Limited, Al Ghazi tractors, Altern Energy, JSCL and PACE all closed up almost 5pc. Ghandara Nissan was down 5pc.
Among the actively traded stocks E&P's ended up 3-4pc. UBL and MCB were up 3.5pc. JSCL was up 5pc and TRG was up 3.5pc. Cement companies ended the day in the red with about 1.5pc losses.
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