Pakistan, May 23 -- The local bourse on Thursday concluded the second consecutive day on a highly positive note as the benchmark KSE 100 Index gained 944 points to close at the 35,581 level, increasing by 2.7 percent as compared to the previous trading session.

An equity analyst at Next Capital said stocks in Pakistan enjoyed a dramatic, V-shaped recovery after intense sell-offs in the past few weeks. The KSE 100 Index has staged an impressive 6.4 percent rally over the past 2 days. Cheaper valuations and the potential for continued profit gains helped support this rebound among equities.

Traded volumes increased to 228 million shares, while value traded moved up to US$47 million.

This was the second day after Fitch's report that inter...