Pakistan’s benchmark stock index KSE-100 gained 4,266.79 points at market close on Thursday, indicating a recovery in sentiment after sustained sell-off in previous sessions.
The advance put the index 2.59 percent above its previous close of 164,626.29 points.
During trading, a total of 291 stocks advanced, 145 declined and 131 remained unchanged from their previous close. At market close, a total of 355,320,144 shares were traded.
The index touched an intraday low of 162,953.63 and a high of 169,374.27. The range reflected the elevated volatility that has persisted from the beginning of the week through today’s trading.
The strong close suggested some improvement in investor confidence. On Wednesday, the index also saw an initial rally, but ultimately closed in the red, losing 1,632.25 points.
Among the most actively traded stocks, Unity Foods Limited led the volumes, falling 10.02 per cent to Rs 11.85 with a turnover of 71,443,224 shares. It was followed by Bank of Punjab, which gained 7.76 per cent to Rs 31.81 with a volume of 38,659,618 shares, and K-Electric Limited, which rose 1.43 per cent to Rs 7.82 with 35,071,352 shares.
Among the top gainers, Blue-Ex Limited rose 19.34 per cent to Rs 6.17, while Media Times Limited advanced 12.41 per cent to Rs 5.89 and Bunnys Limited gained 11.6 per cent to Rs 9.62.
Among the losers, LSE Capital Limited (right) was among the sharpest fallers, falling 52 percent to Rs 0.36. LOADS Limited (R) also remained under pressure, falling 20.99 per cent to Rs 0.64, while TPL Properties lost 11.24 per cent to Rs 7.82.
Source: https://www.dawn.com/news/1975879/bears-weaken-grip-on-bourse-as-kse-100-advances-over-4200-points