KSE-100 index rises 310 points

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Staff Reporter

Karachi

Ignoring ongoing political uncertainty, the stock market notched up handsome gains on Friday as investors focused on positive economic indicators.
The benchmark KSE-100 index opened up and continued its upward march during the first session, gaining over 600 points. However, the index plunged after resumption of trading in the second session, nonetheless, bulls managed to pull the index into the green. At close, the benchmark KSE-100 index recorded an increase of 309.80 points, or 0.68%, to settle at 45,654.34 points. Sectors contributing to the performance of KSE included banks (+160 points), engineering (+25 points), exploration and production (+21 points), textile (+21 points) and fertiliser (+21 points). Individually, stocks that contributed positively to the index included UBL (+49 points), MCB (+38 points), Oil and Gas Development Company (+26 points), Bank AL Habib (+25 points) and HBL (+21 points).

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