KARACHI: Stocks on Wednesday showed recovery led by leveraged scrips amid speculations ahead of earnings announcements and expected revisions in the SBP policy rates announcements early next month. The KSE-100 Index closed at 33,943.74 points level, up by 33 points or 0.10pc.

Volatility continued in today’s session as the index juggled between down and up but finally close in positive zone.

Positivity prevailed in the banking sector after better than previous results were released by HBL up 2.29pc today showing a 22pc YoY growth. On the back of better than previous results in the sector, the sector rallied, where all major scrips stayed mainly in the green zone, where the big fives remained positive throughout the day and closed marginally in the green zone.

On the back of depressed global crude oil prices, the E&P sector remained depressed where major scrips in the sector closed negatively with the exception of Hascol up 2.37pc, stated analyst Ahmed Saeed Khan.

Traded volume decreased by 18pc to 139m shares while traded value also decreased by 3pc to Rs8.5b/ $81m.

Karachi market ended the day on a positive note as result season kept investors thrilled, observed analysts a leading brokerage. Renewed interest was seen in banking stocks after HBL announced better than expected quarterly result. As a result, the stock was up by 1.73pc.

PPL announced its 1QFY16 result which was below street consensus estimates. Subsequently, the stock went down by 3.61pc.

Correction in PAEL tempted investors to take fresh position which resulted in the stock to close at its upper limit, added analysts.

Analyst Ahsan Mehanti said falling WTI crude prices near to $45/barrel and uncertainty in the global equities and commodities impacted the sentiments. Improving current account data for Jul-Sep'15 and healthy quarterly results in the banking stocks played a catalyst role in positive close.