KARACHI – Pakistan Stock Exchange (PSX) makes comeback, days after correction as positive cues provided confidence to local investors and they continue buying stocks.
The positive traction in the money market advanced for the second day and the benchmark KSE-100 Index soared 1.50pc on Thursday, and market is expected to end the year on a high note.
On Wednesday, KSE-100 closed at 60, 863, and on Thursday, the KSE-100 index, gained 1,271 points to cross 62,000 mark.
Experts suggest that money market comes forward amid fears related to political instability.
Meanwhile, Asian shares climbed 5-month highs as market wagers on ever-more aggressive rate cuts extended a huge rally in US stocks and bonds.
Bloodbath at PSX as KSE-100 records highest-ever decline by 2,534 points
