Kashmir bus service supports Karachi Stock Exchange
Pakistan Times Business & Commerce Desk

KARACHI: Agreements for greater alliance signed between Pakistan and China and the government’s firm instance to resolve issues in Balochistan through dialogue, reinforcement through institutional support PSC held the capital market to stage a come back to its natural colours reflected in KSE-100 index which posted 171 points at the end of the trading session here on Thursday.

Resultantly, the market witnessed an across-the-board recovery on the back of positive reports besides institutional support altogether lent a strong hand to the KSE-100 index which gained a level of 7785 points.

The vibrant energy sector however was in the forefront as the rally was led by the oil stocks.

Prominent among the gainers were POL, OGDCL and PPL which posted gains by 3.0 per cent, 4.6 per cent and 3.0 per cent respectively.

The strong scrip of POL was buoyed on the dual impact of higher prices and increased production. ●