Key contributors to the momentum were stocks of oil marketing companies (OMCs), exploration and production (E&P) firms and the banking sector. “The upward momentum signifies a boost in investor confidence, driven by expectations of an improved economic landscape,” it said. Overall trading volumes increased to 765.4 million shares compared with Monday’s tally of 734.3 million. Cnergyico PK was the volume leader with trading in 82.3 million shares, gaining Rs0.24 to close at Rs4.85. It was followed by Pakistan Refinery with 53.7 million shares, gaining Rs1.34 to close at Rs26.98 and Fauji Foods with 37.7 million shares, gaining Rs0.36 to close at Rs9.50.

Source: The Express Tribune December 06, 2023 15:40 UTC