Stocks rebound as KSE-100 closes with 779 points gain

The KSE-100 ended Wednesday at 165,930.99, gaining 779.34 points, or 0.47%, as buying returned to the Pakistan Stock Exchange, Business Recorder reported. The index had climbed to 166,242.43 earlier in the session before sellers pushed it down to 164,731.91. The rebound followed Tuesday’s 814.44-point decline, when the benchmark finished at 165,151.64.

Trading was positive among several heavyweight stocks, including HUBCO, MARI, OGDC, PPL, POL, SSGC, HBL, MEBL, NBP and UBL. The all-share index’s volume fell to 379.90 million shares from 446.84 million, while traded value advanced to Rs21.28 billion from Rs19.43 billion. Of 497 companies traded, 225 rose, 230 declined and 42 were unchanged; Pak Refinery led volumes, followed by Cnergyico PK and Pervez Ahmed Co.