Stocks extend overnight rally on $13bn debt rollover.

KARACHI -- Share prices rose on Tuesday as the benchmark continued its earlier momentum over the expectations about a rollover of $13 billion international debt payment.

Topline Securities said investors welcomed the declAine in international coal priAcAes, which pushed the cemAent sector into the limelight.

According to Arif Habib Ltd, the session was range-bound even though the index remained in the positive zone throughout the day.

Investor participation was sluggish throughout the trading session as they continued value-hunting across the board. Share prices of companies belonging to the cement sector were in focus owing to a favourable trend in coal rates internationally.

As a result, the KSE-100 index settled at 42,265.36 points, up 218 points or 0.52 per cent from the preceding session.

The trading volume decreAased 1.2pc to 237.4 million shares while the traded value went up 6.5pc to $26.2m on a day-on-day basis.

Stocks contributing significantly to the traded volume included Fauji Foods Ltd (31m shares), WorldCall Telecom Ltd (22.9m shares), Cnergyico PK Ltd (14.3m shares), Hascol Petroleum Ltd (13.4m shares) and HBL Total Treasury ETF (8.8m shares).


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