KARACHI: Pakistan Stock Exchange’s key index KSE-100 reported gains of 769.37 points during the intra-day trading after recording a decline of 661 points yesterday. The KSE-100 now stands at a volume of 43,991.15 points.
The gains have been attributed to growth in the cement sector whereas it is reported that the market is likely to come out of depression once the civil-military confrontation over the appointment of DG ISI subsides. The stock market has been under depression over the last couple of weeks due to uncertain economic and political situation of the country.
It is understood that the ongoing rifts between the institutions, the increased international oil prices, and the IMF talks have played a major role in turning the investors away from the stock exchange.