The benchmark index rose by 764.15 points, or 0.49%, closing at 158,318.81 points.
Buying interest was seen in major sectors such as automobiles, cement, commercial banks, oil and gas exploration, OMCs, and power generation. Heavyweight stocks including Hubco, Mari, OGDC, POL, PPL, PSO, MCB, Meezan Bank, and UBL traded in the green zone.
Meanwhile, Pakistan has sought unilateral tariff concessions from China on nearly 700 items under the third phase of the Pakistan-China Free Trade Agreement (CPFTA), which is currently under negotiation.
According to the Ministry of Commerce, Pakistan’s exports to China increased after the second phase; however, preferential access to the Chinese market has weakened due to Beijing’s other FTAs with various countries.
On Monday, the stock market had closed in the red as investors opted for profit-taking following last week’s strong rally. The KSE-100 index fell by 482.71 points, or 0.31%, closing at 157,554.66 points.
