KARACHI: The following global markets recovered as concern over terror attack in Paris eases out, the bench mark KSE-100 Index Tuesday rose by 119.46 points of up 0.35% to close at 34,065.87 points level:

MARI and PRL closed at their upper circuits owing to the expected benefit from conversion to petroleum policy 2012.

Renewed interest was seen in SSGC and SNGP ahead of the result announcement in their upcoming AGM.

Traded volumes improved by 45% to 190mn shares, while traded value increased by 26% to Rs.7.2bn/US$68mn.

Analyst Ovais Ahsan said the market moved up following a bounce back in regional markets though profit taking in to strength capped intraday gains. Major index movers today were Habib Bank up 1.55% and Pakistan State Oil rose 1.15%.

The rally in Mari Petroleum up 4.64% continued today as investors speculated that the government could allow them to price new discoveries at higher prices under Petroleum Policy 2012.

The cement sector also rallied buoyed by optimism over the China Pakistan Economic Corridor (CPEC) as a government minister was quoted in the press saying that the western route of CPEC would be completed by December 2016; major gainers in the sector were DGKC up 1.02% , LUCK 0.39% and KOHC 2.49% gain respectively, observed analysts.

Major activity was seen in PACE, SSGC and DCH with volumes of 30mn, 13mn and 13.6mn shares respectively.