KARACHI: The Karachi Stock Exchange Wednesday took a good start, recouping the overnight losses by gaining 356.44 points or 1.06 per cent to reach 33890 level.
On Tuesday, the stocks remained under pressure with the KSE-100 index taking a plunge of 189.89 points, or 0.56 per cent, to close at 33,533.64. Political uncertainty was thought to have led the market nervousness.
Volumes traded declined by 16pc to 172.6 million shares, while value fell by 29pc to Rs10.5 billion from 206m shares valued at Rs14.9bn traded a day earlier. Foreign investors made net purchases of $4.32m with $3.3m worth stock picking in chemical sector. Companies were conspicuous by their heavy net sell of $53.8m worth stocks.