Staff Reporter
Karachi
Stocks were back on track on Wednesday as bulls took control of the market after two days of consolidation.
Earlier, the market opened on a positive note and touched the intra-day high within minutes but battered sentiment over political uncertainty dragged the index into negative territory later. However, the index still managed to recover and close with modest gains.
At close, the benchmark KSE-100 index recorded an increase of 102.25 points, or 0.24%, to settle at 42,204.03 points.
Individually, stocks that contributed positively to the index included TRG Pakistan (+30 points), Oil and Gas Development Company (+24 points), Pakistan Petroleum (+12 points), UBL (+11 points) and HBL (+10 points). Stocks that contributed negatively were Hubco (-18 points), Pakistan Tobacco Company (-9 points), Bank AL Habib (-9 points), Systems Limited (-9 points) and Maple Leaf Cement (-8 points).
