KARACHI: The Karachi Stock Exchange benchmark 100-index gained 487.57 points or 1.51 percent to reach 32736.43 points and volume of 272,204,960 shares on Thursday.
At midday trading, 100-index maintained the bullish trend and added 326.80 points to reach 32575.66 points.
Today, number of total traded companies was 356, out of which 235 were up 95 were down and 26 were unchanged.
Power Generation and Distribution were the top traded sector with total traded volume of 83,562,000 shares. It was followed by commercial banks with a total traded volume of 53,595,300 shares.
Rising international oil prices triggered rally in oil stocks as OGDC, POL and PPL rose. Traded volumes stood at 226m shares (Rs.11b/ $110m), below month-to-date (MTD) average of 240m shares (Rs.13b/ $130m). PTC declined as investors sold the scrip, after lower than expected 1Q2015 earnings of the company.
On the other hand, Pakistan foreign ministry has just confirmed Chinese President Xi Jinping’s visit to Pakistan where he will launch energy and infrastructure projects worth $46 billion next week as China cements links with its old ally and generates opportunities for firms hit by slack growth at home.
The High and Low of today trading were 32760.56 and 32248.86 respectively with the total volume traded in the market of 272,204,960.
