KARACHI: Bulls extended their control on the Pakistan Stock Exchange (PSX) on Friday, with the benchmark index accumulating gains and moving closer to the 46,000 psychological barrier.
Trading kicked off on an optimistic note and the index climbed steadily for most part of the day. The market came under selling pressure during mid-day, which wiped off some of the gains.
Moreover, encouraging financial results announced during the day also lent support to the investment climate. The sentiment at the bourse also improved after the Pakistani rupee recovered against the US dollar and posted partial gains in the inter-bank market.
The KSE-100 Index remained in the green for almost the entire session, registering its intraday high at 46,061.62 and intraday low at 45,765.76. Benchmark KSE-100 recorded an increase of 198.82 points or 0.43% to settle at 45,990.73.
Among other indices, the KMI-30 Index accumulated 251.60 points to close at 74,182.32, while the KSE All Share Index added 211.06 points, ending at 31,511.05.
