Bulls charged ahead for the third consecutive day yesterday with the KSE-100 index recording gains of 192.01 points or 0.61 per cent to close at 31,872.73.
As the index came close to its all-time high 32,000-level, the significant feature of trading was the volume of shares transacted which surged by 25pc over the earlier day and rose to a seven-month high at 423 million shares.
“It represents huge improvement over the year-to-date average daily volume of 206m shares,” said a major stock broker.
Foreign investors bought equity in the net sum of $1.09m yesterday, breaking a selling spell.
Local institutional investors also got into cherry picking mode while retail investors entered in droves to search value in small cap stocks.
