KARACHI: KSE-100 index on Wednesday gained 444.75 points and closed at 34843.61.
Index heavyweights MCB Bank, Engro Corp, Hub Power and OGDCL contributed 210 points to the index gain. Traded volume increased 8 percent to 376 million shares of the value of 12.9 billion rupees.
HUBC rallied by 2.6pc after Supreme Court dismissed petition filed by Federal Board of Revenue (FBR) and maintained its decision in favour of the company. Sui Southern Gas (SSGC) and Sui Northern Gas (SNGP) gained 4.8 percent and 4.9 percent respectively amid rumours of change in UFG (Unaccounted for Gas) formula.
