Stock market likely to end the week with positive momentum

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive trend in yesterday’s (Thursday) trading session as the index closed at 74,930.69, marking a gain of 266.72 points.

The benchmark KSE-100 index opens today at yesterday’s closing with hopes of pushing the growth trend further. Since the beginning of the current week, the stock market has been consistently posting growth after a tumultuous last week.

PSX ends trading session up by 266 points

On Thursday, the index fluctuated within a range of 578.78 points, reaching an intraday high of 75,029.03, reflecting an increase of 365.05 points, and a low of 74,450.26, down by 213.73 points.

The upward momentum was primarily fueled by banking, telecom, and investment sectors, while fertilizer, energy and power sectors brought the downward pressures during the trading day.