Stocks Observer. com

After four consecutive bearish sessions, the Karachi stock market regained its lost composure following relaxation by SECP regarding treatment for impairment of capital losses and its direct change to equity instead of profit and loss account, which boosted investors’ confidence, analysts said on Friday. They said investors’ sentiment remained positive throughout the trading session, as improved profitability is expected after amendment made by SECP. The Karachi Stock Exchange (KSE) 100-share index gained 226.54 points or 4.20 percent to close at 5,625.90 points as compared to 5,399.36 points traded in the previous session. The KSE 30 index also increased by 283.26 points and closed at 5,681.89 points as compared with 5,398.63 points of the previous session. The KMI 30 index went up by 348.49 points to close at 7,512.11 points as against 7,163.62 points of the previous session. The market turnover jumped 80.89 percent and traded 162.43 million shares as compared to previous session’s 8...