LAHORE: The KSE-100 index surged by 1103.02 points to 38,817.92 points on news that Saudi Arabia would be providing $3 billion deposit to avert a balance of payment crisis and $3 billion of oil on deferred payments for a period of three years.
The KSE-100 index was trading at 38,817.92 points at 9:42, up 1103.02 points from close on Tuesday.
The highest trading was taking place in chemical, cement, commercial banks, technology & communication and power generation and distribution stocks till the filing of this report.
The biggest advancers were Indus Motor Company, Wyeth Pakistan, Sanofi-Aventis and ICI Pakistan.
The biggest losers were Wah Noble Chemicals, Atlas Battery, Bolan Casting and DYNEA Pak stocks.
It had tumbled 630 points on Tuesday and pessimism surrounded the Pakistan Stock Exchange (PSX) where the indices were seen dripping lower and lower.
