KSE-100 index gains 503.66 points

301

Staff Reporter

Karachi

Bulls held their ground at the stock market on Thursday and helped extend gains from the preceding session on the back of a surge in global financial markets.
An uptick in global equities enticed market participants at the local bourse to renew investments and assume fresh positions, thus pushing the KSE-100 index past the 40,000-point barrier.
Trading kicked off with a spike and the market marched on an upward trajectory till mid-day, following which the index witnessed a brief slump. Trading continued in a narrow range, however, a buying spree in the final hours pushed the index higher. At close, the benchmark KSE-100 index recorded an increase of 503.66 points, or 1.26%, to settle at 40,353.62 points. Overall, trading volumes rose to 476.9 million shares compared with Wednesday’s tally of 431.9 million. The value of shares traded during the day was Rs15.8b.

Previous articleArmenia’s act of aggression against Azerbaijan Casualties, damage inflicted upon civilian infrastructure
Next articlePakistan Navy, South Korean Navy conduct bilateral exercise