The Pakistan Stock Exchange (PSX) snapped the four-day losing streak on Friday, with the benchmark KSE-100 Index gaining 178.41 points (+0.4 percent) to close at 44,114.16 points.
Overall, the market shed 2,375.25 points during the rollover week, mainly due to lack of triggers, concerns over continuous foreign selling amid Pakistan’s reclassification from MSCI emerging markets to frontier markets index due next week, and upcoming mini-budget.
The market opened on a positive note and remained positive for the next two hours when the profit-taking activity gripped the market. — TLTP
