KARACHI (Dunya News) – Pakistan Stock Market recorded an appreciable gain on the first day of the new week and also after the Supreme Court’s verdict in Panama Papers case where index comfortably broke two important levels of 46000 and 47000 points.
The first hour of the trading session was ruled by the bulls were 248 companies’ shares landed in the green territory and only 33 shares showed negative signs. The Pakistan Stock Exchange index, commonly known as KSE-100 index recorded a significant increase of 1100 points.
The index showed mammoth recovery under the lead of steel, gas and textile companies.
“The main reason behind this increase was that finally the uncertainty has ended and investors took a breather from the long bearish spell which made heavy dents and index overall lost more 6000 points from its peak”, said an analyst.