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Full-day report: Pakistan stocks stage recovery as investors take heart

Pakistani stocks recovered some of their losses this week in Thursday’s trading session, with the benchmark KSE-100 index gaining 374 points, or 0.76 per cent, by the close of trading to reach 49,588.

Wednesday had seen the KSE-100 Index shed 554 points (1.1pc) as investors remained cautious over the law and order situation in the country, and the Panama Papers case’s resumption sparking fresh apprehensions.

Volumes were considerably lower on Thursday than in the previous session.

88.9 million shares changed hands by the day’s close, with a total worth of nearly Rs9.78 billion.

Stocks of 402 companies were traded, of which 252 gained in value, 130 declined and 20 remained unchanged.

Volumes were led by:

  1. Aisha Steel Mill: 21.7m shares traded (+4.98pc);

  2. Dost Steels Ltd.: 21.4m shares traded (+5.91pc);

  3. TRG Pak Ltd: 13.7m shares traded (+2.09pc);

  4. Dewan Cement: 13.4m shares traded (-3.12pc); and,

  5. Inter Steel Limited: 10.3m shares traded (+0.82pc).

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About TAUQEER RIAZ Utmanzai (1894 Articles)
Broadcast Engineer/Journalist/Columnist and Social activist. --------------------------------------------- Follow on Twitter: https://twitter.com/tauqeerriaz On FB:www.facebook.com/tauqeerkhanutmanzai.
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