KARACHI: The Karachi Stock Exchange recovers 230.73 points or +0.74 percent to reach 31454.47 points and volume of 145,707,940 shares on Wednesday. Positive news of Sukuk bonds offering kept the 100-index buoyant and provided the investors with much-needed confidence.
The KSE share-100 index opened at overnight closing of 31,223 and appeared confidence, going up steadily. The market set the pace for the day trading, boosting confidence of the investors.
Though the traders exercised cautioned, the trading remained buoyant and the activities went smoothly.
Later, KSE hit back at bears and shrugged off scare of the impending political storm in the federal capital, gathering momentum for the upward march to reach 31479.66 points with consolidated gains of 255.92 points till midday trading
As a whole 33.50 per cent of companies witnessed increase in their shares while 21.18 per cent lost their share value and 4.60 percent companies remained stable.
High and Low were 31536.72 and 31181.50 respectively. Total volume traded in the market was 145,707,940 shares.
It is to be noted that stocks closed lower amid institutional profit-taking ahead of “historic” protest rally called in by Pakistan Teheek-i-Insaf on Nov 30 in the federal capital.
