Abb Takk News

PSX Bounces Back After Loss on First Day

KARACHI: In a welcome turn of events, stocks bounced back after the battering endured in the preceding session as strong economic data helped turn the tide.

At close, the benchmark KSE 100-share Index recorded an increase of 608.23 points, or 1.47%, to settle at 41,904.47.

Overall, trading volumes fell to 206.9 million shares compared with Monday’s tally of 266.6 million. The value of shares traded during the day was Rs9.2 billion.

Shares of 365 companies were traded. At the end of the day, 251 stocks closed higher, 93 declined and 15 remained unchanged.