KSE sees mild recovery after major drop

KARACHI: The Karachi Stock Exchange saw a positive day as 71 million shares were traded on Friday.

The All-Share Index gained 65 points, with the benchmark KSE-100 index gaining 91 points. The Index closed near the 9470 level.

The top 3 companies on the 100-Index were Lotte Pakistan, Lafarge Pakistan and Jahangir Siddiqi.

Earlier, on Thursday, the KSE-100 index had lost 298.60 points, 3.09 per cent, turnover was 100.51 million shares, compared with 122.11 million shares traded a day earlier. Shares were sold amid a lack of positive triggers and on uncertainty about capital gains tax and a higher than expected rise in inflation.