PSX ends week on a positive note

KARACHI: The Pakistan Stock Exchange (PSX) continued its positive run on Friday, with the benchmark KSE-100 index gaining 272 points to close at 46,218.92.

The index oscillated between red and green zones as certain sectors experienced selling pressure. Investors were concerned over the subdued economic growth and soaring inflation numbers, which prevented the market from advancing further.

Trading began on a positive note, however, the bourse failed to sustain the momentum and the first session remained largely in the red. However, after trading resumed the index started moving towards the north and managed to end the session with gains.

The index hit a day’s low of 45,681.59 and days’ high of 46,292.03. At close, the benchmark KSE-100 index recorded an increase of 272.84 or 0.59% to settle at 46,218.92.