Karachi Stock Exchange stays afloat amid low volumes

KARACHI: Karachi Stock Exchange (KSE) made modest gains amid thin trade with trade here on Thursday, Geo News reported.

The benchmark KSE-100 Index accumulated 0.28 percent, or 49.86 points, to close higher at 17,947.76 points before the closing bell rang.

According to market reports aviation and telecom stocks were the drawing cards of the day, which saw the trading volumes plunge to a 10-week low.

Supreme Court of Pakistan’s final decision on a case over international calling rates gave telecoms a needed boost, as a result Pakistan Telecommunication Company Ltd jumped by 1.02 percent to Rs19.90.

On the other hand Pakistan International Airline Corporation jumped by 1.97 percent to Rs7.25.