KARACHI: Pakistan Stock Exchange on Tuesday witnessed bullish trend on the back of healthy buying mainly by local investors.

BRIndex100 gained 38.42 points or 1.11 percent to close at 3,495.84 points. During the session, the BRIndex-100 hit an intraday high of 3,500.24 and an intraday low of 3,457.42 points. Total volumes stood at 124.036 million shares.

BRIndex30 increased by 285.25 points or 1.63 percent to close at 17,759.39 points with total turnover of 72.338 million shares.

KSE-100 Index surged by 314.69 points or 0.93 percent and closed at 34,052.61 points. Daily trading volumes on ready counter stood at 160.630 million shares as compared to 161.290 million shares traded on Monday.

The foreign investors remained net sellers of shares worth $2.196 million. Total market capitalization increased by Rs 41 billion to Rs 6.461 trillion. Out of total 364 active scrips, 235 closed in positive and only 97 in negative while the value of 32 stocks remained unchanged.

TRG Pak was the volume leader with 11.838 million shares and increased by Rs 1.94 to close at Rs 27.83 followed by Unity Foods that gained Re 0.40 to close at Rs 11.74 with 11.054 million shares. Premier Sugar and Mari Petroleum were the top gainers increasing by Rs 27.27 and Rs 22.60 respectively to close at Rs 390.87 and Rs 1263.93 while Rafhan Maize and Philip Morris Pak were the top losers declining by Rs 90.00 and Rs 80.00 respectively to close at Rs 7000.00 and Rs 1800.00.

BR Automobile Assembler Index surged by 74.91 points or 1.34 percent to close at 5,655.18 points with total turnover of 5.923 million shares.

BR Cement Index increased by 54.78 points or 1.36 percent to close at 4,081.86 points with 15.589 million shares.

BR Commercial Banks Index gained 24.31 points or 0.36 percent to close at 6,813.66 points with 9.216 million shares.

BR Power Generation and Distribution Index inched up by 55.94 points or 1.33 percent to close at 4,265.38 points with 3.885 million shares.

BR Oil and Gas Index closed at 3,636.79 points, up 60.56 points or 1.69 percent with 13.797 million shares.

BR Tech. & Comm. Index increased by 29.99 points or 2.25 percent to close at 1,363.24 points with 20.999 million shares.

An analyst at Arif Habib Limited said that the market followed the momentum made on Monday and increased another 335 points during the session, closing up 315 points.

Among E&P stocks, OGDC came in limelight with price gains, which was aided by an upward move in international crude oil prices. Similarly, PSO also witnessed price gains during the session. Banking sector stocks also traded largely in the positive territory. Technology sector stocks topped the volumes with 20.9 million shares, followed by Cement (15.5 million shares) and Chemical (14.2 million shares).

Sectors contributing to the performance include E&P (up 68 points), Cement (up 38 points), O&GMCs (up 35 points), Power (up 29 points) and Banks (up 27 points).

Stocks that contributed positively to the index include OGDC (up 36 points), HUBC (up 29 points), FFC (up 22 points), TRG (up 20 points) and MEBL (up 19 points). Stocks that contributed negatively include ENGRO (down 10 points), PAKT (down 8 points), PMPK (down 5 points), BAHL (down 5 points) and THALL (down 5 points).