KARACHI: On the anticipation of an extension in Chief of Army Staff General Qamar Javed Bajwa’s tenure following a controversy over the issue, Pakistan Stock Exchange staged a smart rally on Thursday.
At close, the benchmark KSE 100-share Index recorded an increase of 583.55 points, or 1.53%, to settle at 38,706.27.
Overall, trading volumes increased to 348.5 million shares compared with Wednesday’s tally of 228.4 million. The value of shares traded during the day was Rs12.1 billion.
Shares of 396 companies were traded. At the end of the day, 316 stocks closed higher, 64 declined and 16 remained unchanged.