Stocks gain as economy shows green shoots
Business
Stocks on Wednesday pressed ahead counting on upbeat economic numbers amid robust corporate earnings hopes, dealers said.
Pakistan stock exchange (PSX) KSE-100 shares index gained 0.58 percent or 262.65 points to close at 45,311.22 points. Volumes reduced to 341.88 million shares from 473.433 million in the last trading session.
Topline Securities in a note said encouraging large-scale manufacturing and auto sales numbers and decline in Pakistan Investment Bonds cutoff yields garnered investors interest, which led the market to make an intraday high of 298 points.
TRG, FFC and HBL emerged as the major contributors by cumulatively adding 69 points to index, the brokerage said.