Bulls continued to dominate at the Pakistan Stock Exchange during trading this Tuesday. The KSE100 index gained by 204 points to reach 46,301.

The index could be seen in the green through most of the trading reaching its daily high during the last few minutes.

Positive trend at the local bourse could be attributed to recent GDP growth figures which exceeded expectations. As the current wave of Covid infections remained largely subdued, a quick economic recovery is in the books.

Broader equity markets also experienced gains. U.S. stocks also climbed as the U.S. treasury yields dipped. Investors are keen to gain more from equities considering a fall in treasury yields as they are viewed as competing investment opportunities.

At the closing bell 203 companies had advanced with 164 closing in the red. 14 scrips remained unchanged.

Market participation for the KSE100 Index increased to 225M from 192M in the previous session (17% on d/d basis). Major contribution to total market volume came from WTL, UNITY and TELE combined for 255M shares out of the total market volume of 677M shares.