PSX’s benchmark index KSE – 100 has surged more than 600 points during the day, after losing more than 297 points yesterday succumbing to selling pressure from short term investors taking advantage of the recent rally in stocks.
Commercial Banks lead the points table with Bank of Punjab BOP +4.87%, MCB Bank Ltd. MCB +2.16%, and Habib Bank Ltd. HBL +2.81% topping the list.
Cement Stocks continue to remain buoyant as ACPL +2.26%, CHCC +2.72%, FCCL +2.45%, MLCF +2.83% and PIOC +2.89% contributing most points to the index tally.
Volume traded in KSE – 100 Index continues to grow from 110 million, with a total value of 9.338 billion.
In the international, Europe's main stock markets dipped at the start of trading on Wednesday, with London's benchmark FTSE 100 index down a couple of points at 7,728.80.
In the Eurozone, Frankfurt's DAX 30 index fell 0.2 percent to 13,383.26 points and the Paris CAC 40 lost 0.1 percent to 5,518.32 compared with the closing levels on Tuesday.
