Share market continues upward movement third day in a row

KARACHI: The Stock Market entered third day of improvement after posting nearly 400 points gain on Monday and over a 100 points gain on Tuesday. Wednesday morning saw an improvement of nearly 400 points again.

The benchmark KSE-100 index opened at 46,756.80 points on Wednesday and almost consistently posted gains, reaching 47,145.30 points by midday, 388.50 points above opening.

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Trading volume also picked up with over 46.7 million shares trading until midday.

Among the companies atop the green trading board were HBL and PIA. Energy sector, however, showed fluctuations on Wednesday.

Multiple factors have influenced this bullish trend in the stock market, starting from the release of delimitations by the Election Commission of Pakistan (ECP), and the improvement in Pakistani Rupee parity. E&P companies posting gains can also be attributed to the global decline in international crude prices.