The KSE-100 index managed to keep its head above the 29,000 level on Tuesday. The index nudged upwards by only 27.73 points to close at 29,048.21.
Trading took off to a firm start, building up on the momentum of Monday’s strong gains. The index initially surged by 153 points, but later retreated as the market went into listless trading.
The significant feature on Tuesday was the K-Electric’s contribution of 20 points to the index gain as the stock saw massive volume of 48 million shares, representing 29 per cent of the day’s aggregate turnover. K-Electric ended higher by 4.4pc.
The electricity stock has captured investor interest since its inclusion in the MSCI frontier market two weeks ago.
Banks also continued their upward trend with UBL and NBP being the pick of investors.
