KARACHI (National Times)- The Pakistan Stock Exchange (PSX) on Tuesday got some relief from yesterday’s fall and recovered as a rebound in global equity markets and slide in international crude oil prices revived the interest of nervous investors.

Oil prices dropped to their lowest in almost three weeks as Russia indicated it is in favour of the Iran nuclear deal resuming as soon as possible. Brent futures were down $8.90, or 8.3%, to $98 a barrel, while US West Texas Intermediate (WTI) crude was down $8.97, or 8.7%, to $94.04 a barrel.

The benchmark KSE-100 index, despite minor fluctuations, mostly stayed in the positive territory to close the day in the green.

At the close, KSE-100 index gained 352.93 points, or 0.81%, to settle at 43,719.82 points.

Zafar Securities Capital Market Strategist Muhammad Naeem Akhtar said that the benchmark KSE-100 index staged a comeback right after yesterday’s selling amid improved market participants.

“On the back of declining international crude prices, along with oversold market conditions helped to boost investors sentiment at the PSX as the benchmark KSE-100 index jumped over 350 points amid improving market participation,” he said.

Shares of 346 companies were traded during the session. At the close of trading, 211 scrips closed in the green, 105 in the red, and 30 remained unchanged.

Overall trading volumes rose to 189.04 million shares compared with Monday’s tally of 115.11 million. The value of shares traded during the day was Rs4.68 billion.

Telecard Limited was the volume leader with 19.56 million shares traded, gaining Rs0.95 to close at Rs11.36. It was followed by TPL Properties with 15.28 million shares traded, gaining Rs1.02 to close at Rs22.73, and Treet Corporation with 13.73 million shares traded, gaining Rs1.01 to close at Rs30.99.