Staff Reporter
Karachi
Continuing the positive momentum, the KSE-100 index rose 341 points on Friday because of encouraging trade data, which bolstered investor sentiment.
In the morning, the first session began with a short-lived spike at the stock exchange, but it caused volatility as the index oscillated between red and green zones. Although the session remained largely range bound, the KSE-100 index managed to end with a gain of 155 points.
Later, a buying spree at the beginning of the second session helped the index extend gains and inch closer to the 37,600-point mark. At close, the benchmark KSE 100-share Index recorded an increase of 340.69 points, or 0.91%, to settle at 37,583.89.
In its report, Arif Habib Limited stated that high trading volumes and a surge in the index had become a new normal for the KSE-100 index.
“Altogether, the index has gained around 9,000 points so far from the low of 28,671 points hit in August 2019,” he said. “Since then, the index has been going up and Friday was no different.”
