Stocks recovered some of the earlier sessions’ losses yesterday with the KSE-100 index closing higher by 160.31 points, or 0.52pc, to 30,827.45.
Several positive developments helped to turn the tide, including the unity of the political parties in the wake of Peshawar carnage and the Pakistan Tehreek-i-Insaf calling an end to its prolonged protest in Islamabad.
The recovery in global markets following some stability in crude also helped the local bourse.
Foreign investors, nonetheless, remained net sellers of $3.41 million worth stocks, taking month-to-date net portfolio outflow to $56.16m.
Intra-day profit-taking was also witnessed as the index pulled back after going as high as 485 points. The PPL rallied by 2.1pc following reports of discovery of hydrocarbons in exploratory well in Gambat South Block, where the company has a 65pc working interest.
