KARACHI: Stock market even on the last business day of week showed continuous improvement with rise of 581.38 points in 100 Index.
As per details, investors remained active from the beginning of the day. In fact, their interest throughout the week helped market getting recovered. PSX100 Index during trading restored five stages including 38800, 38900, 39000, 39100, and 39200.
On Thursday, index gained 583.55 points to close at 38706.27 restoring six stages which were 38200, 38300, 38400, 38500, 38600 and 38700. Interestingly, eleven trading stages were restored within two days.
Rise of 1.48 percent was observed in today s business day and at one point, PSX100 Index reached 39452.76. However, this trend could not persist. At the end of trading, market closed at 39452.76 with rise of 581.38 points. Number of shares traded was more than 261 million. Gain on shares trading was over 12 billion rupee.
Economic experts opine that fading away of uncertainty is major cause of bullish trend in market. Restoration of funds by international institutions and settling of army chief extension case by superior judiciary are some of other causes that restored investor’s confidence.
