BRIndex100 gained another 100.75 points or 3.29 percent to close at 3,167.15 points. BRIndex100 touched intraday high of 3,180.41 and an intraday low of 3,078.83 points. Volumes stood at 129.628 million shares.
BRIndex30 increased by 551.59 points or 3.5 percent to close at 16,332.31 points with a turnover of 85.938 million shares.
The KSE-100 Index surged by 856.80 points or 2.90 percent highest in last 55 sessions. It closed above 30,000 crucial level reaching 30,419.22 points. Trading activity also improved significantly as daily volumes on the ready counter increased to 142.578 million shares as compared to 102.515 million shares traded Monday.
Foreign investors however remained net sellers of shares worth $1.3 million. The market capitalization increased by Rs 126 billion to Rs 6.155 trillion. Out of total 373 active scrips, 268 closed in positive, only 86 in negative while the value of 19 stocks remained unchanged.
Bank of Punjab was the volume leader with 10.364 million shares. It gained Re 0.64 to close at Rs 7.93 followed by TRG Pak that lost Re 0.02 to close at Rs 13.20 with 8.992 million shares. Nestle Pakistan and Indus Motor Co were the top gainers with Rs 149.75 and Rs 43.12, respectively to close at Rs 6,130.00 and Rs 1,049.23. Bata Pak and J. D. W. Sugar were the top losers with Rs 42.41 and Rs 14.19, respectively to close at Rs 1,132.75 and Rs 275.81.
BR Automobile Assembler Index increased by 122.36 points or 2.6 percent to close at 4,835.68 points with total turnover of 935,580 shares.
BR Cement Index gained 43.24 points or 1.65 percent to close at 2,657.97 points with 17.965 million shares.
BR Commercial Banks Index surged by 304.44 points or 4.29 percent to close at 7,405.41 points with 24.874 million shares.
BR Power Generation and Distribution Index closed at 4,121.35 points, up 131.61 points or 3.3 percent with 8.559 million shares.
BR Oil and Gas Index inched up by 108.17 points or 3.31 percent to close at 3,371.53 points with 20.789 million shares.
BR Tech. & Comm. Index gained 4.04 points or 0.62 percent to close at 655.73 points with 15.630 million shares.
An analyst at Topline Securities said that the stock market continued its positive momentum as the KSE-100 index gained 2.9 percent which is highest in last 55 sessions to close at 30,419. During last two days index is up by 5.75 percent.
Investor sentiments remained high due to various reasons which includes intervention of US President Trump in Kashmir issue which is expected to ease out the current Indo-Pak conflict attractive valuation of stocks (market forward PE at 11 year low of 5x) and stability in global equity markets.
Top contributors to the index were HBL (88 points), ENGRO (80 points), MCB (73 points) and HUBC (66 points).