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Closing: KSE 100-index recovers 698pts, up 2.11% on institutional support

Closing: KSE 100-index recovers 698pts, up 2.11% on institutional support

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 698.46 points or 2.11 percent to reach 33798.80 points and volume of 272,238,770 shares on Tuesday.
Earlier, the KSE took a good start and added 57.49 points to reach 33157.83 points level despite record fall on previous day.
On Monday, the KSE witnessed a three month low and market capitalization suffered a loss of almost Rs270 billion. Out of 100 companies, 81 have hit 5 per cent lower lock. Biggest markets of Asia including Hong Kong, China and Japan also plummeted on Monday.
High and low were 33836.29 and 32882.75 respectively. Total volume traded in the market was 272,238,770 shares.