KARACHI: Investors buying in energy sector here on Tuesday kept the bullish trend prevailed in the Karachi Stock Exchange for the second day of the week that pushed the market upward.
The benchmark KSE-100 index gained 25 points to close at 5,875 points. Volume remained at 130.7 million shares. According to records, this volume level is below the average 250 million shares traded on a daily basis last year.
A senior trader at a brokerage was of the view that the market sentiments were bullish since the start of trading on buying and despite profit taking. Though the market sank several times to negative zone but it immediately recovered and index ultimately closed in the positive zone. Rally in the banking and oil and gas sectors derived the bourse upward, he added.
Earlier, the market opened with positive note but immediately after sank to the upper level of negative zone for a short while and then recovered on the purchase phenomenon. Afterwards, this trend of gaining remained intact throughout the both sessions of the day and bourse ultimately ended with moderate gain.
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