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Stocks add 93 points to overnight rally
KARACHI: Stocks consolidated on Thursday as the KSE-100 index added another 92.95 points (0.28 per cent) to settle at 33,469.15.
The index saw volatile trade and oscillated between the intra-day high of 117 points and low of 119 points.
Traded volume increased by 35pc to 179 million shares while value rose by 28pc to Rs9.8 billion.
Foreigners were again net sellers of $2.84m worth stocks, while local funds were the major buyers with net buying of $3.4m.
“Profit-taking was seen in the oil and gas sector which fell by 1pc after rising by 7pc in the previous three trading sessions,” said dealers at Topline Securities.