The Pakistan Stock Exchange continued the bullish trend on Tuesday, as the benchmark KSE-100 Index gained more than 500 points.

The 100 Index gained 514.81 points or 0.81% to settle at 64,454.22 levels at the closing of the market as against the previous closing of 63,939.41 in the previous trading session.

A total of 425.7 million shares valuing Rs24.995 billion were traded during the day as compared to 298.69 million shares valuing Rs12.515 billion the last day.

As many as 354 companies transacted their shares in the stock market, out of which 209 recorded gains and 127 sustained losses, whereas the share prices of 18 remained unchanged.

The three top-trading companies were Oil and Gas Development with 52.94 million shares at Rs136.50 per share, Fauji Foods Ltd with 44.93 million shares at Rs10.92 per share and K-Electric Ltd with 28.44 million shares at Rs5.46 per share.

Meanwhile, caretaker Finance Minister Shamshad Akhtar has said that Pakistan’s economy was expected to grow by 2 to 2.5% in the ongoing fiscal year.

“Growth is to rebound into the positive trajectory in the range of 2 to 2.5%, with agriculture expected to grow by 5.6%, and industry by 2.5% this fiscal year,” she said while addressing the IPO Summit-2024, held in Karachi a day earlier.

She said that the tax collection target was projected to touch the Rs10 trillion mark as the Federal Board of Revenue struggles to launch additional reforms.