The stock market endured a turbulent session on Thursday as the benchmark KSE-100 index climbed in the early hours and lost more than half of its gains by the day’s end. Nevertheless, strong investor interest helped the index close with modest gains. The KSE-100 index jumped as soon as trading began and climbed close to 500 points in the first few hours. The index managed to sustain the uptrend till midday, however, it failed to carry it past afternoon as investors began offloading stocks, leading to a steep drop in the market. Late-session buying elevated the index again and helped it close in the green.
At close, the benchmark KSE-100 index recorded an increase of 191.12 points, or 0.42%, to settle at 45,344.54 points. A total of 641 million shares were traded where most of the contribution came from Byco (+0.2%), Power Cement (0%), Kapco (+4.7%), Pakistan Refinery (-1%) and Pak Elektron (+0.8%).