Stocks see off FY20 with 240-point rally.

KARACHI -- The gory incident of Monday's terror attack on the PSX already out of the mind, it was business as usual at the stock market with investors churning shares on the last trading day of 2019-20.

The market extended the gains to the second day with the KSE-100 index adding another 240 points (0.70 per cent) on Tuesday to close at 34,422.

With quick bouts of buying and selling, the index moved between the intraday high and low by 243 and 36 points. The market remained generally bullish in line with the trend in global equities. Investors' sentiments were also bolstered by the approval of the Finance Bill by the National Assembly a day earlier, frustrating any lukewarm effort by the Opposition to block its way.

The volume increased 42pc to 223.3 million shares, from 156.9m shares while traded value also rose by 33pc to reach $44.7m. Stocks that contributed significanAtly included Pakistan RefiAnery (right issue), Sui SouthAern Gas, TRG, K-ElectAric and Hum Network, which formed 37pc of total turnover.

Arif Habib Ltd stated that the trading volumes imprAoved over the day, 'however...