KSE-100 gains 1,111 points to cross 180,000

The KSE-100 climbed 1,111.05 points, or 0.62 per cent, to 180,446.29 in Wednesday mid-day trading, taking the benchmark above 180,000. The Express Tribune reported that the index first faced selling pressure, then recovered; it moved between 178,642.36 and 180,482.50 during the session.

Trading had not ended at the time of the report. Turnover reached 214.29 million shares worth Rs20.27 billion, while the previous close was 179,335.24. Buying was seen in commercial banks, oil and gas exploration firms and oil marketing companies, with UBL, MCB, MEBL, NBP, OGDC, PPL and SSGC among the stocks trading higher; Cnergyico, Bank of Punjab, Pak Elektron and Pakistan International Bulk Terminal were among the actively traded shares.