KARACHI: Following the previous day downfall investors at the bourse took some positive cues on Wednesday, helping the KSE-100 index rise 328 points and once again cross the 38,000-point mark.
Earlier, trading began with a sharp spike but investor sentiment weakened shortly afterwards, which resulted in range-bound trading in early hours.
At close, the benchmark KSE 100-share Index recorded an increase of 327.67 points, or 0.87%, to settle at 38,122.72.
Overall, trading volumes decreased to 228.4 million shares compared with Tuesday’s tally of 488.7 million. The value of shares traded during the day was Rs8 billion.
Shares of 366 companies were traded. At the end of the day, 231 stocks closed higher, 118 declined and 17 remained unchanged.
