Staff Reporter
Karachi
The bullish spell continued at the Pakistan Stock Exchange on Thursday as the KSE-100 index advanced 422 points and breached the 39,000 points barrier owing to a strong investor sentiment.
The trading kicked off on a positive note, however, all gains were erased in the early hours, pushing the index into the red zone.
After trading in the negative territory for a brief period, the market saw a buying spree and rallied for the rest of the day.
At close, the benchmark KSE-100 index recorded an increase of 422.17 points, or 1.09%, to settle at 39,258.44 points.
Power, banking, cement, pharmaceutical, oil marketing and refinery sectors helped the index post a total increase of 434 points and close near the session’s high.
