ECONOMIC NEWS
KARACHI: The Pakistan Stock Exchange began Friday’s session on a strong note, recovering sharply after a day of cautious and bearish sentiment.
The benchmark KSE-100 Index jumped more than 500 points in early hours, climbing to 159,621 from the previous close of 159,096. Market participants expressed optimism that the positive trend could continue through the session, helping offset recent losses.
On Thursday, the index had shed 481 points—about 0.30 percent—ending the day at 159,096.79, down from Wednesday’s close of 159,578.19.
Trading volume also saw an uptick on Thursday, with 957.3 million shares changing hands compared to 860.2 million a day earlier. However, the total traded value fell to Rs30.44 billion from Rs34.85 billion. Market capitalization slipped as well, dropping from Rs18,271.36 billion to Rs18,220.47 billion.
Among the 476 companies that traded in the ready market, 199 finished in the green, 230 closed lower, and 47 recorded no change.
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