KARACHI: The bullish note persisted till midday as the Pakistan Stock Exchange benchmark 100-index added 128.71 points to reach 49143.80 points level on Wednesday.
Earlier, the stocks started day on positive note and added 182.38 points to reach 49197.47 points in early trading.
On Tuesday, the stocks showed recovery amid late session support in oil, cement and banking scrips on strong valuations, resultantly the benchmark shares index rallied around 86 points.
Volatility prevailed in the market as the index traded between an intraday high of 174 points and an intraday low of 273 points to finally close at 49,015 level, brokers said. Banking sector extended its previous day gains as it gained to close (0.4%) higher. HBL (up 0.35%), MCB (0.52%) and UBL (0.73%) were among the major index movers from the aforementioned sector. Overall, volumes remained flat at 343 million shares, while value declined by 5 percent to Rs13.9 billion.
