KARACHI: The Pakistan Stock Exchange (PSX) started day on positive note as it added 181 points to reach 49465 points level in early trading on Friday.
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.
