KARACHI: The Pakistan Stock Exchange (PSX) witnessed upward rally till midday as the benchmark 100-index 223 points to take tally to 49506 points level on Friday.
Earlier, the PSX started day on positive note as it added 181 points to reach 49465 points level in early trading.
On Thursday, the stocks staged a strong recovery led by scrips across the board on institutional buying post strong quarter-end earnings announcements. The market relegated prevailing politics, as investors quickly realised that The Force was stronger given the MSCI-EM index inclusion is around the corner. Subsequently, the KSE-100 index surged 679 points (up 1.4%) and closed at 49,284 points. The market volume increased 11% d/d to 288 million shares, while the traded value increased 18% to Rs15.4 billion. Total 394 active companies participated in the session, of which 249 gained in value, 132 declined and 13 remained unchanged.
