KARACHI: The Karachi Stock Exchange benchmark 100-index gained 371.18 points or 1.23 percent to reach 30605.05 points and volume of 202,659,520 shares on Wednesday.
Till midday, KSE 100-index Wednesday up by 1.99 per cent and gained 602 points to reach 30836, recouping the early losses as the International Monetary Fund (IMF) has disbursed sixth tranche of $500 million to Pakistan.
Earlier, KSE witnessed a ‘bearish morning’ as benchmark KSE 100-index shed 123.71 points or 0.41 per cent to 30110.16 points.
Investor outlook at the country’s capital markets appeared optimistic on reports of release of the IMF installment as the benchmark Karachi Stock exchange 100 index also witnessed an upward trend.
The three top traded companies were Pak Electron with a volume of 15,831,000 and price per share of 46.66 (2.22), BO Punjab with a volume 12,369,500 of price per share of 8.40 (0.35) and K-Electric Ltd with a volume 9,544,500of price per share of 7.20 (0.09).
On Tuesday, the KSE recouped after 9 per cent fall in the last 5 sessions and up 4.5% or 1,307 points to settle at 30,234 points with volumes of over 260m shares worth of Rs11.5b/$115m.
After the end of the foreign selling spree on Monday, local investors gained confidence as the KSE 100-index posted the highest gain ever in terms of number of points. Previously, the highest gain posted by KSE was 1,064 points.
The High and Low were 30951.34 and 30024.15 respectively with the total volume traded in the market of 202,659,520.
