The Pakistan Stock Exchange (PSX) witnessed bullish momentum in the opening hours of trading on Friday with the benchmark KSE-100 Index gaining nearly 1,100 points to hit a high of 48,898.82.
At close, the KSE-100 Index finished with a gain of 616.06 points or 1.29% to settle at 48,424.4.
The increase was in contrast to Thursday when the stocks closed lower by over 400 points, as investors opted to remain on the sidelines amid no progress on the government’s circular debt plan.
However, renewed interest was seen on Friday over the MSCI quarterly review update.
Experts attributed the momentum to the inclusion of Pakistani companies.
