Karachi: Pakistani stocks remained rangebound Wednesday, but ended higher on the last trading day of the fiscal year, while dealers said trade was likely to pick in coming days.
The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.20 per cent, or 19.88 points, higher at 9,721.91.
Turnover was 71.29 million shares, compared with 62.85 million shares traded on Tuesday.
"It was a cautious day with not much happening, but we are hoping that investors would start returning to the market in coming days," said Asif Jan Mohammad, head of sales at Taurus Securities.Mohammad said volumes were soon likely to pick up after the expected reintroduction of margin buying.
Dealers said trade has also been affected in recent days by uncertainties over the implementation of a new capital gains tax Thursday.
