KARACHI-Stock market exhibited volatile behavior Tuesday and closed marginally up at 44,907 points after gaining 9.51 points. Investors succumbed to profit-taking and roll-over pressure on advent of result season with several index names announcing their results yesterday. KSE 100-index has now surged by 18.4 percent from December 19, 2017 to date.

Cement sector continued to draw investors’ interest as the sector contributed 34 points to index gain. Cement stocks including DGKC & LUCK were up 1.3% & 1.2% respectively. On the other hand, GWCL, DCL, & PIOC closed at their upper circuit, said dealer at Topline Securities.

Refinery sector announced its results for 1HFY18, where NRL posted an EPS of Rs20.30 and ATRL declared an EPS of Rs16.14.  Mixed sentiments were seen in aforementioned sector as PRL (up 4.98%) and ATRL (0.85%) closed in green, while on the other side, NRL (-0.10%) closed in the red zone. Mixed sentiments were also seen in the steel sector as ASTL (down 1.47%) closed in red, while on the other hand ASL (up 0.05%) and ISL (2.15%) closed in the green zone. ISL announced its 1HFY18 results where the company posted EPS of Rs5.02 and cash payout of Rs1.50 per share. OGDC (up 1.31%) from the E&P sector gained to close positive on back of the material information released by the company discovering gas and condensate from its exploratory well Dhok Hussain well 01, located in district Kohat, commented analyst at JS Global.

Top 5 index point contributors were OGDC (up 1.4%), DAWH (3.2%), POL (1.8%), LUCK (0.7%) & NESTLE (4.9%), adding 116 points to the index gain while HBL (down 1.9%), ENGRO (1.7%), UBL (0.8%), HCAR (5%) & SNGP (1.8%) withheld 116 points from the index.

Overall, volumes stood at 226m shares as compared to 294m shares traded previously. SSGC (up 1.72%) from the gas utility led the volume chart with more than 13m shares exchanging hands.