KARACHI: Pakistan’s stock market ends the first session on bullish notes as the KSE-100 index touched 45,824.92 near the end of session at noon. Traders and analyst say the early gains seems to be the extension of the previous day’s rally in energy, banks and cement sectors.

KSE-100 index opened plus 74 points in the morning and since then it is going up without falling into negative territory throughout the first session. However, the extended gains for the previous two days may trigger profit taking in the second session today, traders and analysts said.

The market is moving up mainly on expectation of positive news and dividend pay-outs but it will definitely need some intra-day correction along the way, they added

The author is a senior business and economy journalist . He has worked for leading local and international news organisations.


Please enter your comment!
Please enter your name here