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PSX ends week with a 170-point gain

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The Pakistan Stock Exchange (PSX) ended the week on a positive note on Friday, with the benchmark KSE-100 index gaining nearly 170 points.

The index oscillated between red and green zones as certain sectors experienced selling pressure. Investors were concerned over the subdued economic growth and continuous depreciation of the Pakistani rupee, which prevented the market from advancing further.

The investors are also keeping a close eye on the mini-budget announcement due next week which will give the market a new direction.

Earlier, trading began on a negative note, however, the bourse failed to sustain the momentum and the first session remained largely range-bound. The index still managed to end the session with gains.

The benchmark KSE-100 index on Friday rose by 169.48 points, or 0.39%, to close at 43,900.68 points.

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