Shares at the Pakistan Stock Exchange’s benchmark index gained over 1,600 points in the intraday trade.

According to the PSX website, the KSE-100 index gained 1,641.72 points or appreciated by 1.45% to reach 114,848.12 levels at 11:46am.

Buying activity was observed in key sectors including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, OMCs, power generation and refineries.

Index-heavy stocks NRL, HUBCO, PSO, SHEL, MARI, OGDC, PPL, MCB, MEBL and NBP traded in the green, according to Business Recorder.

The market saw a positive turnaround on Thursday’s trading session, with the index dipping to an intraday low of 111,806 points and climbing to a high of 113,401 points before closing at 113,206 points, up by 1,719 points or 1.54%. “This marks a recovery following three consecutive negative sessions,” the Topline Securities said.

“Overall market activity remained strong, with 483 million shares traded and a total turnover of Rs. 26 billion. SSGC led the volume charts, with 48 million shares changing hands.”