KARACHI: Karachi Stock Exchange further added 47.78 points on Friday to close the week on another highest mark of 30,224.89 points for second consecutive day.
KSE-100 index gained 906 points, or 3.09pc, over the earlier week and settled at an all-time high of 30,224 points. Volumes this week were higher by 120pc week-on-week to average 131m shares.
Wyeth Pak Ltd and Murree Brewery remained the top gainers of the day while Bata (Pak) and Fazal Textile were the top price losers of the day.
Investors’ confidence boosted after upgradation of Pakistan’s economic outlook from ‘negative’ to ‘stable’ by Moody’s. Stock market shares are believed to be the best economic indicator world over. Rising stock market shows high economic growth.
Commerce ministry seeks one-year ban on transfer of used cars imported by overseas Pakistanis
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