KARACHI: After a day’s correction, the benchmark KSE-100 index staged a rally and gained nearly 400 points as expectations of a positive outcome from the Financial Action Task Force’s (FATF) review of Pakistan fuelled investor optimism.
At close, the benchmark KSE-100 index recorded an increase of 399.17 points, or 0.99%, to settle at 40,574.52.
Overall, trading volumes soared to 143 million shares compared with Tuesday’s tally of 91.6 million. The value of shares traded during the day was Rs6.5 billion.
Shares of 341 companies were traded. At the end of the day, 222 stocks closed higher, 94 declined and 25 remained unchanged.