KARACHI: Karachi Stock Exchange (KSE) 100 index gained 198.10 points and closed at 34331.94 points as compared to 34133.84 of the previous session.
Experts said that Pakistan equities bounced back to close higher after three consecutive negative sessions primarily on gains in financials. Institutional buying in large cap banks pushed stocks higher.
They said, “We see volatile market trading in a range of 300-500 points with institutional flows guiding market direction in the short term and in absence of any immediate trigger”.
The market volume increased to 391.857 million shares as compared to 258.349 million shares traded in previous session. The overall market capitalization rose to 7.408 trillion rupees as compared to 7.373 trillion rupees of previous session.
