PSX: buying at bourse, KSE-100 gains over 1,000 points
Business Recorder • • 1 min read
The KSE-100 was at 178,434.59 by noon on Friday, up 1,060.83 points, or 0.60%, Business Recorder reported. Buying was spread across commercial banks, oil and gas exploration firms, oil marketing companies and refineries. HBL, MCB, NBP, UBL, MARI, POL, PSO, SSGC and PRL were among the listed shares trading higher.
The advance followed a difficult Thursday, when the index fell 1,710.04 points, or 0.95%, to finish at 177,373.76 after giving up earlier gains. The report also described a recovery in Asian equities, while investors abroad assessed US Treasury yields and the possibility of a Federal Reserve rate increase. This is an intraday update, so the noon index level is not a closing figure.
At a glance
- The KSE-100 rose 1,060.83 points to 178,434.59 by noon Friday.
- Banks, exploration firms, oil marketers and refineries saw buying.
Originally reported by Business Recorder
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