KARACHI: The Karachi Stock Exchange benchmark 100-index gained 108.36 points or 0.57 percent to reach 33103.73 points and volume of 109,670,100 shares on Thursday.
In midday trading, stock exchange witnessed the highest level of trading at 33226.28 points and lowest level of 32915.44 points, with the total volume of 53,916,040 shares, having Rs3,838,683,684 value.
Earlier, the KSE started day with a positive note and crossed 33000 psychological barrier as KSE-100 index up 0.88 per cent by gaining 289.17 points to reach 33204.61 level in early trading.
On Wednesday, the KSE lost 108.36 points or 0.33 percent to drop to 32915.44 points. The index fell sharply on Wednesday after unknown miscreants gunned down at least 45 people in the southern area of Karachi in the latest act of terrorism.
Analyst Ahsan Mehanti at Arif Habib Commodities said pre-budget uncertainty and minor change in the MSCI review results for May instigated profit-taking.
However, “support remained in the oil and gas stocks as the West Texas intermediate trading above $61/barrel and an increase in local gas prices is expected,” Mehanti said.
Dull activity was seen at the local bourse due to Karachi bus attack. No major surprise in the MSCI rebalancing also forced investors to book profits.
High and Low were 33226.28 and 32915.44 respectively. Total volume traded in the market was 109,670,100 shares.
