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Pakistan shares end higher, erase Brexit losses

  • Pakistan shares end higher, erase Brexit losses

  • KARACHI: Pakistan stocks shut higher on Monday, after a rough exchanging session that saw starting misfortunes however was floated in late exchanging by speculation feeling reverberating provincial markets, experts said.

    The benchmark 100-offer list of the Pakistan Stock Exchange wound up 1.06 percent, or 401.20 focuses, to close at 38,367.96.The increases on Monday saw the list totally delete the misfortunes that had happened days after the Brexit vote on June 23, said Gohar Rasool, head of global deals at Inter Market Securities Pvt Ltd.

    Oil stocks were among the gainers, Rasool included, in spite of worldwide oil costs taking a plunge.

    Pakistan Petroleum Ltd shut everything down much as 1.58 percent, Oil and Gas Development Company increased 0.9 percent, and Pakistan Oilfields Ltd moved as much as 0.92 percent.

    In the mean time, bond and compost stocks additionally delighted in a solid exchanging session, Rasool said.

    Fortunate Cement Ltd picked up as much as 3.46 percent, Fauji Cement Company Ltd rose 2.37 percent, and manure producer Dawood Hercules Corporation Ltd wound up 4 percent.

    Exchanged volume on the day rose to 110.8 million shares, with exchanged quality at 11.15 billion rupees ($106.39 million).

    ($1 = 104.8000 Pakistani rupees)