Stocks rally after four firms added to MSCI index.

KARACHI -- Shares listed on the Pakistan Stock Exchange moved up on Tuesday as the semi-annual review by global index provider MSCI added four companies to one of its indices.

Topline Securities said the additions resulted in a buying momentum on the bourse and kept blue-chip stocks in the limelight through the day.

Investors' sentiments improved from previous few sessions that had been rather dull. Arif Habib Ltd said the change in the MSCI index led to comparatively better volumes on the main board of the exchange whereas third-tier shares also attracted decent volumes.

As a result, the KSE-100 index settled at 42,928.63 points, up 167.44 points or 0.39 per cent from the preceding session.

The trading volume increased 47.4pc to 196 million shares while the traded value went up 48.4pc to $30.4m on a day-on-day basis.

Stocks contributing significantly to the traded volume included WorldCall Telecom Ltd (18.6m shares), TPL Properties Ltd (18.5m shares), Hascol Petroleum Ltd (15.4m shares), Pak Elektron Ltd (15.3m shares) and Unity Foods Ltd (14m shares).

Sectors that contributed to the index...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT