Market watch: Positive news flow adds over 300 points to KSE-100

Bulls maintained their grip on the Pakistan Stock Exchange on Tuesday owing to a host of positive triggers and added over 300 points to the benchmark KSE-100 index.

Investors took a cue from a drop in inflation reading to 8.4% in the first month (July) of the current fiscal year and poured fresh investment into the market.

In addition to that, the rally received support from Adviser to Prime Minister on Commerce Abdul Razak Dawood’s announcement of exports touching an all-time high of $2.35 billion in July 2021.

Similarly, record high petrol sales by oil marketing companies in July signaled a revival of economic activities in the country and lifted investor interest in the stock market.