Stocks rose as bulls in the KSE-100 index propelled it past the 29,000 points level to touch 29,260.29, placing the day’s gains at 766.55 points or 2.69 per cent.
Investors were comforted as they sensed a thaw in the political crisis since the joint session of the parliament, though critical of the government, asserted commitment to democracy and to uphold the constitution.
“More importantly, the investors’ fears of military intervention were set at rest after the forces reaffirmed their apolitical stance and distanced itself from the current crisis,” said a senior broker.
Foreign portfolio inflows on Tuesday stood at $3.10 million with investors’ preference for stocks on oil and gas and chemicals sector.
