” Stock market remains bullish with moderate gains ”

”

KARACHI: Pakistan Stock Exchange (PSX) has been posting a robust recovery for almost two weeks. Except sporadic downturns in the past fortnight, the index has been staying positive. This week, since Monday, the benchmark KSE-100 index had been posting moderate but consistent gains.

However, on Tuesday, the index closed with 86 points loss. From Wednesday, once again the market turned positive and ended the day on a positive note. Thursday followed suit with the benchmark KSE-100 index posting over 1,000 points gains during the day. By the day end, the index had lost some of these gains, but still managed to close 875.07 points above the opening level.

Stock market up by 1,000 points

Today, the final trading day of the week, saw the market staying bullish once again with 513.64 points gains by 11 AM. The index opened on Friday at 64,578.52 points and was seen hovering around 65,092.16 points two hours into trading.

Since the beginning of the current week, the top leaders in both the hike and decline have been sectors other than the energy and E&P segments. This marked a positive movement for the index, showing a wider recovery.

The market snapshot at approximately 11 AM looked like this:

”