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Closing: KSE 100-index gains 356pts, up 1.06% on positive note

Closing: KSE 100-index gains 356pts, up 1.06% on positive note

KARACHI: The Karachi Stock Exchange benchmark 100-index recovered 356.19 points or 1.06 percent to reach 33830.36 points and volume of 99,271,580 shares on Wednesday.
Till midday, the KSE maintained the last day’s upward trend and gained 278 points to reach 33752.18 points level.
On Tuesday, the KSE staged partial recovery with the KSE-100 index regaining 529.69 points (1.61 per cent) to close at 33,474.17. Although bullishly inclined, the market remained in search of direction as the index posted maximum intra-day gains of 562 points but also dipped into the red by 300 points. Traded volume increased to 292 million shares compared with 218m shares, while value also rose to Rs13.1 billion from Rs10.6bn traded a day earlier.
High and low were 33865.68 and 33474.17 respectively. Total volume traded in the market was 99,271,580 shares.