The Pakistan Stock Exchange (PSX) turned around in a low-volume session on Friday, with the benchmark KSE-100 Index gaining 192.31 points (+0.43 percent) to close at 45,018.28 points.
The market opened on a negative note but this negative mood sustained less than a minute and the market turned around and remained in the green zone throughout the session.
According to experts, the market performed positively on expectations that State Bank of Pakistan will hold the policy rate at 9.75 percent in its upcoming Monetary Policy Committee meeting on January 24 (Monday). Moreover, a fall in crude oil prices for the second day in a row as well as revised gross domestic product growth rate for the last fiscal year 2020-21 also improved the market sentiment.
The KSE-100 Index moved in a range of 393.45 points, showing an intraday low of 44,755.74 points and a high of 45,149.19 points. Among other indices, the KSE All Share Index gained 128.59 points (+0.42 percent) to close at 30,878.62 points, while KMI All Share Islamic Index gained 46.47 points (+0.21 percent) to close at 22,211.76 points.-TLTP
