Karachi: Pakistan stocks closed in green on Tuesday on the back of speculation about resolution of leverage issues and likely new regulatory measures. The main index closed at 48,534 level, up 13 points or 0.03 percent. The last day of the month started off on a slow note with the KSE-100 trading in a range of 200 points. The index made an intraday low of -374 points, however, due to value picking index made a swift reversal and managed to close bullish. “Higher on investor speculations for likely resolution of leverage issues at PSX. Rumors on likely new regulatory measures over defaulting brokers invited mid session pressure. Upbeat urea sales, likely surge in local POL prices, record earnings announcements in selected cement, banking and auto stocks supported the index for a positive close”, said Ahsan Mehanti, senior stock analyst. Stocks opened listless and traded in a narrow range as investors both institutional and retail stayed on the sidelines for most part of the day in absence of major triggers and amid increasing headwinds from domestic politics and tightening regulations, said analysts at Elixir Securities. The final two hours however took investors on a roller coaster ride as Index first nosedived followed by recovery that wiped all the day’s losses on reported institutional buying. Engro Corp contributed most positive points followed by International Steels and Sui Northern Gas Company while dent came primarily from select index heavy bluechips on reported locals selling. HUMNL announced EPS of 0.22/share. Resultantly the stock closed at its upper limit. PPL announced EPS of Rs 2.74 per share. Stock price declined 0.7 percent. PGF and PIF continued to close at their upper limit following announcement that they will soon be converted into an open ended fund. Overall, volumes decreased by 9 percent to 228 million shares, while value declined by 7 percent Rs10.7 billion/$100 million. Analyst expect that market may carry momentum from Tuesday’s late recovery and inch upwards along with Index names and retail plays seeing better participation in days ahead.