KSE-100 jumps 800 points.

Karachi -- Market moved up significantly by 820pts, primarily due to year end closing that requires financial institutions to manage the equity portfolios to avoid impairments. Buying activity was observed across the board, but focusing on Oil and Gas chain, including E and P sector stocks that showed OGDC trading near upper circuit.

Similarly, price gains were observed in Refinery and OMCs sectors. Banking sector was no different with major performance from HBL and UBL. Technology sector led the volumes with 33.6M shares followed by O and GMCs (27.7M) and Vanaspati (27.2M).

Among scrips, UNITY saw trading volumes of 27.2M, followed by WTL (21M) and HASCOLR (17.8M). The Index closed at 41,128pts as against...