KARACHI - As the political tension eased off, market rebounded by 143 points mainly supported by heavy weight OGDC and MCB. However, investors continued to remain wary from the uncertain political path ahead as volumes fell to 47-week low and remained confined to mid-capped stocks. AKBL and NCL also came in limelight. With change in management, AKBL brought investors’ interest towards the scrip while NCL witnessed 3.8m shares volume after company announced its restructuring process, dealers observed here on Tuesday.
At local equity market benchmark KSE-100 share index posted a fresh gain of 143.11 points or 0.87 percent to stop the day’s trading at 16,645.76 points as compared to 16,502.65 points of the previous day.
KSE-Allsahre index added 102.19 points or 0.88 percent to end the day at 11,769.67 points, KSE-30 share index increased by 117.81 points or 0.87 percent to finish the day at 13,601.52 points while KMI-30 share index gained 214.16 points or 0.75 percent to end the day at 28,715.22 points.
Stock experts said strong valuations in banking and oil sector stocks, rising cement sales data, stronger fertilizer sales data, higher global commodities and rising textile exports to EU played a catalyst role in bullish sentiments in oversold market amid concerns for circular debt crisis.
Market traded 86.787 million shares after opening at 95.840 million shares an the value of traded shares was climbed to Rs 2.688 billion from Rs 2.409 billion. Stock market capitalisation settled at Rs 4.171 trillion compared to Rs 4.135 trillion of a day earlier.
 During the session 319 companies in the trading where 237 closed in positive and 58 in negative while the value of 24 stocks remained intact. Millat Tractors Limited was the biggest price gainer of the day up by Rs 28.75 to Rs 603.75 followed by Unilever Pak increased by Rs 25.01 to Rs 10,000. Siemens Pakistan XD and Pak.Int.Cont.SD were top losers of the day down by Rs 7.10 to Rs 615 and Rs 5.62 to Rs 215.19.
In the top ten scrips of the day, Maple Leaf Cement was the was volume leader of the day with 19.974 million shares as it closed at Rs 15.50 after opening at Rs 14.67. Followed by Askari Bank Limited with 6.517 million, Byco Petroleum with 4.935 million, JS Company with 4.757 million, Nishat (Chunain) with 3.805 million, Fauji Cement with 2.023 million, Bank of Punjab with 2.003 million, TRG Pakistan Limited with 1.904 million, Fauji Fertlizer with 1.715 million and NIB Bank Limited with 1.546 million shares respectively.