The PSX posted a healthy recovery on Tuesday. The KSE100 index gained by a massive 1368.70 (+3.5%) points to settle at 40480 at the closing bell.

Inflation figures for Oct 20 were reported at 1.7% MoM / 8.9% YoY which is considered better than expectation. Improvement in inflation figures can cause a change in the monetary stance of the central bank. However, a resurgence of coronavirus case will cause a negative impact to demand and hence all eyes continue to rest on the handling of the pandemic.

The market performed inline with global peers as stock exchanges recovered across the globe after taking pressure for a couple of sessions. Factory output data from developed economies such as China, Europe and the U.S. was largely attributed to giving the markets some stabilization.

298 scrips closed in the green while only 56 were red at the end of the day. 10 symbols remained unchanged.

Market participation for the KSE100 Index increased to 229M from 206M in the previous session (+11% on d/d basis). Major contribution to total market volume came from UNITY, POWER and HASCOL taking a chunk of 109M shares out of the total market volume of 384M shares.