Pakistan Stock Exchange (PSX) on Friday maintained the bullish trend as the benchmark KSE-100 Index gained 685.52 with a positive change of 0.6%, closing at 114,398.69 against the 113,713.17 points in the previous session.
The shares market opened in green in the morning and due to buying trend mainlined the gaining momentum throughout most of the session.
At one point the benchmark KSE-100 reached 114,721.58 but after some selling pressure it come down to 114,169.19, however it the end of the trading session it closed up by 685.52 points.
To total volume remained 233,228,483 while the total value recorded at Rs. 23,423,290,271.
As of 431 companies remained active in the session, 219 gained, 149 recorded loss while 63 remained unchanged.
Buying was observed in key sectors including commercial banks, fertilizer, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including ARL, NRL, HUBCO, PSO, SNGPL, POL, PPL, HBL, MCB and NBP traded in the green.
As per market experts, the positive momentum comes as investors expect further rate cuts by the central bank in its upcoming Monetary Policy Committee (MPC), scheduled for Monday.
