KARACHI

Uncertainty prevailed in the market on Tuesday as the KSE-100 index closed 4.67 points in green at 33,801 level.

The oil sector rallied nominally as the international crude oil prices reached over $62 a barrel, with OGDC gains 0.52pc) and POL up by 0.97pc closing in the green. The cement sector remained upbeat today as the Government announced that the previously announced low-cost housing units will be constructed on fast track basis, this news triggered investors buying in the sector with FCCL appreciates by 0.98pc and KOHC rose by 0.93pc rallying. Star performer of the day was HUBC increased by 3.89pc as the company announced that it will setting up a new coal based power plant under a joint venture, observed analyst Arhum Ghous.

Stocks closed flat in the earnings announcement session amid pressure after Lahore blast. Power sector lead the rally on speculations after record earnings and payout announced by Hubco.

Oil stocks showed recovery on rising international oil prices. Pressure remained in cement sector on rising coal prices and thin payouts despite record results of DG Khan Cement. Improving economic outlook and declining trend in weekly SPI Inflation played a catalyst role in positive close in a volatile session at KSE, stated analyst Ahsan Mehanti.

Volumes increased by 23pc to 217m shares, while value also rose by 22pc to $122m (value Rs12.2b). Of total 365 active companies in the session, 118 closed in advance, 224 in decline while 23 remained unchanged. Significant turnover was seen in the stock of K-Electric, DGKCement, PIA and Fauji Cement.

K-Electric was volume leader in the market with 30.04m shares and price per share Rs8.42 followed by DGK Cement with 16.22m shares and per share price Rs126.33 and PIA with 14.34m shares and price per share Rs9.48 were at centre stage.

Ferozsons (Lab) with per share price Rs640.96 (29.08) and Sapphire Fiber with per share price Rs630.00 (13.00) were among top gainers in the market. Whereas Rafhan Maize with per share price Rs10700.00 (-400.00) and Bata (Pak) with per share price Rs3600.00 (-156.01) were among top losers in the market.