Karachi: The Pakistan Stock Exchange (PSX) witnessed a positive session on Wednesday, as a late-session buying spree on the back of rupee gaining ground in the open market pushed the benchmark KSE-100 Index higher by over 300 points.
The KSE-100 started the day with dull trading, hitting an intra-day low of 45,460.28.
However, a buying spree was observed later, which helped the market close in the green.
At close, the benchmark index settled at 45,807.58, up by 316.09 points or 0.69%.
“The equity market was positive today [Wednesday] owing to the strengthening of PKR against the greenback both in the interbank and the open market,” an expert said.
Commercial banks, oil and gas exploration companies, and power generation and distribution sectors were the major contributors, according the brokerage house.
