KARACHI: The Pakistan Stock Exchange opened bullish, getting huge 524 points to reach 48595 points level in early trading on Wednesday.
On Tuesday, the stocks showed recovery led by oversold banking, fertilisers and oil scrips on strong valuations. Market remained volatile throughout the day making an intraday low of 572 points and high of 841 points to finally close at 48,071 level, by gaining 399 points above the last trading day.
The KSE-100 index traded in a rollercoaster range of 1,414 points, clocking intraday high/low of 48,513/47,100 points and eventually closed the session in favour of the Bulls, at 48,071 points, up 399points. Market participation expanded as volume swelled 45 percent to 317 million shares, while traded value surged 61 percent to Rs15 billion.
