KSE-100 index bounces back to bullish momentum

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Amanullah Khan

Karachi—KSE-100 Index amid an all time high market volume of 850 million shares traded in an extra ordinary buying spree managed to come out of the bearish spell with a gain of 147 points to close in green at 40363 levels here on the last trading session of the week.
The extra ordinary increase in the market volume was the result of some positive development and strong results announced by the corporate sector besides aggressive participation of the foreign investors that created a spark in the trading activity on Friday.
The WorldCall Telecom was the volume leader of the day with a trade of 114.89 million shares to their credit while Bank of Punjab and NIB Bank were the second and third volume leaders with trade volumes of 69 million and 58 million shares respectively.