Karachi: The Pakistan Stock Exchange saw a mixed start to the last day of the business week; however, by the end of the initial session, investor confidence had improved significantly and the market had taken a bullish trend.
On Friday, the 100 index rose by 612 points, after which the index closed at 120,615 points. During trading, the index also reached a high of 120,652 points at one point. It may be recalled that the market had closed at 120,002 points yesterday.
According to analysts, this increase was due to possible stabilization in monetary policies, government economic reforms, and positive expectations from the IMF. Investors abandoned their cautious attitude and bought in various sectors, especially banking, energy, and fertilizer sectors.