The market opened on a positive note on Friday, as buying momentum pushed the KSE-100 Index sharply higher.
-
Web Desk
-
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on the final trading day of the business week, with investors showing renewed confidence.
The market opened on a positive note on Friday, as buying momentum pushed the KSE-100 Index sharply higher.
At the start of trading, the index surged by 1,881 points to reach 183,338, and within a short span, gains expanded to 2,575 points.
The upward momentum continued during the session, with the KSE-100 Index climbing by as much as 3,152 points, crossing the 184,600 mark.
During the first one and a half hours of trading, the benchmark index recorded an increase of around 1.7 percent, reflecting strong investor participation and broad-based buying across key sectors.
Last week, on the last trading day of the business week, the Pakistan Stock Exchange (PSX) witnessed a volatile session.
The benchmark KSE-100 Index opened on a positive note and at one stage gained 157 points; however, selling pressure later erased early gains.
As the session progressed, the index slipped into negative territory and was last seen trading at 185,182 points, reflecting a decline of 360 points. On the previous day, the KSE-100 Index had closed at 185,543 points.
Market analysts attributed the volatility to profit-taking and cautious investor sentiment ahead of the weekend.
