Stock market update: Friday builds on Thursday’s gains


stock market

KARACHI: The stock market maintained a positive momentum through the past week, with momentary downturns. In sum total Pakistan Stock Exchange (PSX) remained poised for growth last week.

However, when the current week began, the benchmark KSE-100 turned towards deterioration on Monday and continued the trend till Thursday morning.

Yesterday, the index, changed positive and grew 600 points by noon. The index opened at 63,919.84 points and by closing it was hovering at 64,617.56 points.

IMF nod: Rupee strengthens against US dollar

The last trading day of the week added to the gains and by Jummah break, the index had gained 475.68 points to reach 65,093.24 points.

Energy sector remained the primary driver of the downturn during the past few days as well as leading the growth witnessed yesterday. However, today the growth came from multiple sectors showing an overall improvement in the index.

You May Also Like