Shares at Pakistan stock Exchange rebound as KSE-100 climbs above 119,000

Pakistan Stock Exchange (PSX) registered a significant recovery on Thursday after witnessing a bearish trend a day earlier,

The KSE-100 index has gained over 1,100 points to climb above 119,000 level during intraday trading amid hopes of further gains following the release of the loan tranche by the International Monetary Fund (IMF).

A day earlier, the 100-Index witnessed a bearish trend, losing 39.36 points, a negative change of 0.03 percent, closing at 118,536.53 points.

A total of 609,063,142 shares were traded whereas the price of shares stood at Rs 41.913 billion.

As many as 451 companies had transacted their shares in the stock market, 207 of them recorded gains and 191 sustained losses, whereas the share price of 53 companies remained unchanged.

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