Stocks add 82 points to overnight gains.
KARACHI -- Stocks stayed bullish on Tuesday as investors reacted positively to the surging global crude oil prices as well as the rupee's stability against the dollar.
Analyst Ahsan Mehanti of Arif Habib Corporation said speculations about the early revival of the International Monetary Fund's loan programme and easing political noise also played the role of a catalyst in the bullish close.
However, many investors chose to be vigilant owing to the lingering uncertainties on both political and economic fronts. Investors' involvement remained dull throughout the day with volumes drying up on the mainboard.
As a result, the KSE-100 index settled at 40,082.37 points, up 82 points or 0.2 per cent from the preceding session.
The overall trading volume increased 35.2pc to 87.2 million shares. The traded value went up 31.8pc to $11.6m on a day-on-day basis.
Stocks contributing significantly to the traded volume included Telecard Ltd (23.7m shares), WorldCall Telecom Ltd (4.1m shares), K-Electric Ltd (3.7m shares), Habib Bank Ltd (3.5m shares) and D.G. Khan Cement Company Ltd (3.4m shares).
Sectors contributing the most to the index...
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