Improved investor confidence propelled the index, which advanced nearly 600 points in intra-day trading. “On the other hand, cement stocks rallied on declining coal prices with Lucky Cement (+1.97%) and Dewan Cement (+5.37%) remaining in the limelight. Abu Dhabi likely to invest $1b in oil storages, pipelineOverall, trading volumes increased to 166.8 million shares compared with Monday’s tally of 157.1 million. K-Electric was the volume leader with 10.1 million shares, losing Rs0.07 to close at Rs6.22. It was followed by TRG Pakistan with 9.8 million shares, gaining Rs1.13 to close at Rs24.28 and The Bank of Punjab with 8.3 million shares, gaining Rs0.33 to close at Rs12.72.

Source: The Express Tribune January 08, 2019 14:26 UTC