KARACHI: The stocks were on fire on third straight day at Pakistan Stock Exchange on Tuesday, as KSE-100 index crossed the psychological barrier of the 50,000 in a rally of 150 points this morning, ARY News reported.
The benchmark 100 Index on Monday recorded gains of 511 points, and had closed at 49,876 points at the end of the day.
The gains were underpinned by buying in fertiliser, banking, steel and refineries sectors. Around 60 stocks hit their upper levels by the end of trading on Monday.
The trading volume yesterday jumped to 600 million shares from 460 m shares that changed hands on Friday while the value increased to Rs24.5 billion from Rs22.9bn.
The Monday’s significant feature of trading was the huge volume of 214m shares of K-Electric, that changed hands on the day. It was 36pc of the day’s total volume.