![]() ![]() ![]() “Main board activity remained dull whereas hefty buying was witnessed in third-tier stocks.”Īcross-the-board buying was observed in the last trading hour, which led the market to close in the green zone, the report said. “A rally was witnessed in the refinery sector due to expectation of tremendous earnings in the upcoming financial result announcements,” it said. Value hunting by investors accelerated the market’s advance towards the end.Īt close, the benchmark KSE-100 index recorded an increase of 318.93 points, or 0.69%, to settle at 46,484.43.Ī report of Arif Habib Limited stated that a positive session was observed at the Pakistan Stock Exchange due to stability of Pakistani rupee against the US dollar. The second half of trading session saw renewed buying, which helped erase the losses and took the index into the green zone. Moreover, a sharp recovery of the rupee over the past few days bolstered the confidence of market players.Īfter beginning trading with minor ups and downs, the market remained range bound during early hours before dropping to an intra-day low towards noon. Investors were observed cherry-picking stocks that had dropped to attractive valuations during the bearish spell at the bourse last week.Įncouraged by the consistent uptrend in global crude oil prices, massive investment was seen going to the stocks of oil marketing companies at the Pakistan bourse, which aided the rally. PHOTO: FILEīulls returned to the Pakistan Stock Exchange on Thursday who lifted the benchmark KSE-100 index by 319 points to nearly 46,500 points. ![]() At the end of the day, 206 stocks closed higher. ![]()
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