Turn around at the Pakistan Stock Exchange on Wednesday with the index in the green throughout trading. The KSE100 index gained 474 points to reach at 48,251.

The index took off to a positive start and was able to maintain those levels as buying was witnessed in all sectors. The upcoming budget session continues to guide equities in Pakistan.

An increase was witnessed across the board after a couple of consolidation sessions. The market continues to remain on edge with the Fiscal Budget due to be announced tomorrow. The recent announcement of relaxation in Covid-19 restrictions from 15 June 2021 has caused positive sentiment in the business community across the board. Government talks with the IMF remain inconclusive which will guide equity flows in the days to come.

Global equity markets continue to hover at all time highs. U.S. unemployment claim figures came out at the lowest point in the past 15 months which indicates that the world’s largest economy may be on track to recovery from the pandemic.

At the closing bell 254 companies had advanced with 107 closing in the red. 24 scrips remained unchanged.

Market participation for the KSE100 Index remained at 297M. Major contribution to total market volume came from WTL, KEL and HUMNL combined for 421M shares out of the total market volume of 1,039M shares.