Staff Reporter
Karachi
Bulls returned to the bourse on Monday after giving in to selling pressure in the previous session and pushed the benchmark index above 41,000-point mark.
Stocks in the banking sector outshined others amid reports of changes in the Morgan Stanley Capital International (MSCI) semi-annual index review coming into effect on Monday.
In the morning, while taking cue from Friday’s trading session, the market opened lower and fell sharply in early trading.
Fortunately, the negative momentum did not last long and bulls jumped back and wiped out all the losses including those suffered by the market on Friday. At close, the benchmark KSE-100 index recorded an increase of 261.73 points, or 0.64%, to settle at 41,068.82 points.
velopment Company Sectors contributing to the performance included technology (+57 points), banks (+50 points), oil and gas marketing (+48 points), cement (+36 points) and exploration and production (+25 points).
