Stocks continued to climb on Tuesday with the KSE-100 index adding another 110.17 points or 0.37 per cent to close at 30,180.30.
Although it was a volatile session, the tone was bullish as index intra-day went up as high as 206 points against the maximum day’s decline of 83 points.
Mutual Funds changed much of cash for shares investing yet another $3.06 million on Tuesday. Foreign investors also continued to buy stocks at dips in the net sum of $1.78m.
Market participants pointed out that the news of increase in local cement prices, coupled with DGKC’s better than expected June results, brought cement stocks in the limelight.
Going forward, the market was thought to remain volatile due to the ongoing political turmoil which warranted investors to stick to fundamentally strong stocks.
