Overview
- The KSE-100 jumped 2,592.79 points to close at 168,460.11 on Tuesday, and opened marginally higher in early Wednesday trade.
- Traders and brokers said bargain hunting after a sharp decline, plus lower Brent crude, helped restore buying interest in large caps.
- Market internals improved with ready-market turnover around 432 million shares, traded value near Rs20.1 billion, and 314 stocks advancing versus 147 declining.
- Heavyweight banks and energy names led gains, with UBL, HBL, OGDC, PPL, POL and HUBCO among the biggest contributors to the rally.
- The FBR told IMF officials that 1,016 retailers filed under the Aasan Tax Scheme during fourth-review talks for the $7 billion EFF, a fiscal update that adds clarity to the program and could influence investor sentiment going forward.