Despite prevailing uncertainty on the domestic political front regarding no-confidence motion, the market made substantial gains with the KSE-100 closing higher for the second consecutive week.
The index closed at 45,152.11 points, a week-on-week gain of 1,600.96 points or 3.68%. Weekly total market volume was also up by around 975 million shares indicating arrival of bulls in force.
The week started with a positive note and KSE-100 saw a steady rise with both value and volume of shares trading substantially higher.
Analysts have pinpointed declining international coal and oil prices as the primary factor behind this weekly gain.—Agencies