KARACHI: Pakistan equities witnessed recovery on Tuesday as value investors took the opportunity to buy stocks at attractive prices. Benchmark KSE-100 index made an intraday high of 529 points to close at a level of 42,623 by adding 484.16 points. Pakistan equities escalated the day after finalization of care taker prime minister by the incumbent prime minister and opposition leader in Pakistan. Volumes remained lackluster, accumulating at 120 million shares for the day as compared to 139 million shares traded in the previous day. Blue chip stocks tempted investors amidst appealing valuation, where major gain to index came from HBL, MCB, Honda Atlas Cars (HCAR), LUCK, and PSO. Commercial banks heavyweights closed higher than their previous day close where big banks boosted the index by 111 points. MCB (+2.70%), HBL (+2.09%) and UBL (+0.37%) were the major movers of the mentioned sector. Fertilizer sector showed positive momentum on back of strong urea offtake depicting growth of 50 percent in April 2018 compared with the same period of last year. FFBL (+4.68%) and EFERT (+1.25%) were the major movers from the sector. TRG Pak Ltd topped the volume leaders’ list followed by Pak Elektron, Lotte Chemical, Fauji Foods Ltd, Bank of Punjab, K-Electric Ltd, Unity Foods Ltd, and Dewan Cement. Equity analyst expect that the market will remain range bound with flows from local and foreign institutions directing the market in coming days. Published in Daily Times, May 30th 2018.