Shares at the Pakistan Stock Exchange (PSX) opened the year in green, buoyed by investor interest in the fertiliser and energy sectors.
The benchmark KSE-100 index gained 395.45 points, or 0.98 per cent, to close at 40,815.90 points. It reached an intraday high of 607.06 points, or 1.5pc, around 2:03pm but later erased some of its gains.
“An increase in urea prices led to investor interest in the fertiliser sector, while expectations of circular debt resolution continue to lift the energy sector.
Prices of urea fertiliser, which is in high demand for wheat crops these days, have been increased by around 8pc.
A notice issued by Engro Fertilisers Limited last week said that its brand of urea compost