Pakistan stocks gain 106 points, close above 39500 level

By
Ashraf Khan
|
Pakistan stocks gain 106 points, close above 39500 level

KARACHI: Improvement in uncertainty in Karachi brought the sentiment at the stock market back into the positive zone. The benchmark 100-index gained 106 points to close above 39500-points.

Experts say investors were being careful in light of the prevailing political situation in Karachi, however after witnessing stability investors showed interest in purchasing shares.

While investor interest was witnessed the number of shares traded witnessed a decline with only 14 million shares as compared to over 20 million a day earlier.

The market appears bullish again, given the stabilizing political situation. The index gained 106 points gain closing the day at 39506 points.  Share prices for 210 companies, 141 declined while the shares of 27 companies witnessed no changes.