PSX: buying at bourse, KSE-100 gains 500 points

The KSE-100 rose 500.11 points, or 0.28%, to close at 177,873.87 on Friday, Business Recorder reported. The index moved between an intraday low of 176,865.05 and a high of 179,284.34, with buying gaining strength in the second half of the session before a late pullback pared some advances.

The benchmark nevertheless finished above Thursday’s close, when it had lost 1,710.04 points, or 0.95%, to end at 177,373.76 amid investor caution over domestic political uncertainty. Asian shares also recovered ground on Friday: MSCI’s broadest Asia-Pacific index outside Japan added 0.26%, while South Korea’s Kospi gained 2.35% and Japan’s Nikkei rose 1.4%. The report also noted gains in US stock futures, while EUROSTOXX 50 futures declined.