KARACHI, Jan 9: The stock market ended at a new life high on Thursday as the KSE 100-share index rose by 51.43 points or about 2 per cent at 2,829.59.
The market capitalization swelled to Rs619.648bn. Trading volume soared to 425m shares from the previous 297m as gainers outpaced losers by 175 to 125, with 73 shares holding on to the last levels.
Heavyweight stocks — Hub-Power, PTCL, PSO and Shell — led the market advance.
Reports of 9 per cent cut in interest rates on local bank loan of Hub-Power and another 50 basis point reduction in T-bill rates to 3.946 per cent allowed financial institutions to inject fresh funds in shares.
