The Pakistan Stock Exchange (PSX) experienced a welcome bullish session on Thursday, with the benchmark KSE-100 index gaining 825 points to close at 41,558.
The index opened higher and managed to touch the day's high of 41,614 points towards market close.
"Government levy of higher import duties supporting auto stocks and subdued political noise played a catalyst role in higher close at PSX," Ahsan Mehanti of Arif Habib Corporation said.
"Market witnessed recovery in today's trading session as value investors availed the opportunity to buy stocks at attractive prices," an analyst's note from JS Rsearch read.
Volumes remained high with over 232 million shares valued at Rs11.5 billion traded. Of the 356 traded symbols, 272 advanced, 71 declined and 13 remained unchanged.
Power and engineering sectors dominated trading with 31.72m and 31.68m shares traded respectively.
Volumes were led by:
K-Electric Ltd: 29.7m shares traded [-0.16pc]
Engro Polymer: 19.0m shares traded [+4.81pc]
Dost Steels Ltd: 14.2m shares traded [+8.11pc]
TRG Pak Ltd: 11.3m shares traded [+4.99pc]
Engro Fert: 10.8m shares traded [+4.62pc]
