Fueled by oil stocks KSE makes a strong comeback

KARACHI: Karachi Stock Exchange made huge comeback on Tuesday paring not only Monday’s losses but also piling up new gains.

The benchmark KSE-100 went 1.84 percent, or 412.87 points, to finish at 22,790.70 mark.

The credit of today’s rally goes to a revival of fresh buying in oil stocks like Oil and Gas Development Co Ltd (OGDC) and Pakistan Petroleum (PPL), which helped index gain 150 points, dealers said.

OGDC jumped 2.82 percent to Rs265.50 while PPL 3.31 percent to close at Rs207.40.