LAHORE - The equities on Tuesday ended on a positive note, closing up 175 points to settle at 43,690 points.

The bull-run was supported by unexpected victory of PML-N in Monday’s NA-154 by-election in Lodhran. The seat fell vacant in the wake of disqualification of PTI leader Jahangir Tareen by Supreme Court in Dec 2017.

On the other hand, media reports of possible increase in banks’ pension liabilities on apex court’s order (to a minimum of Rs8,000/month that was lower than expected), led to excitement in banking stocks. Investors rejoiced this decision as the impact was lower than expected. Sector-wise data indicated that commercial banks added 167 points to the index gain.

This was followed by fertilizer sector that added 23 points. On the contrary, cements withheld 21 points from the index.

Trading volumes and value during the trading session shrunk by 5 percent.

Stocks including Habib Bank Limited (+3.3 percent), United Bank Limited (+2.3 percent), ENGRO (+1.1 percent), PIBTL (+5.7 percent) & BAFL (+2.7 percent) added 186 points to the index whereas stocks including LUCK (-1.1 percent), DAWH (-1.3 percent), DGKC (-2.2 percent), SEARL (-2 percent) & HASCOL (-2.1 percent) withheld 62 points from the index.