Pakistan’s stock market opened on a bullish note as an extension to the rally started yesterday on the back of positive news regarding power and energy sectors.
KSE-100 index opened the day positively and reached up to 46,228 points with a jump of 156 points in the first five minutes of the trade.
Investors and institutions were active with regard to fresh buying. The bullish trend is also supported by the corrections that the market went through last week.
A Traders ad analyst said that news regarding the resolve of the circular debt issue between the government and power producers and the stability in policy rates by the Central Bank raised hopes for the market. It is expected that today the benchmark index may close above 46,000 physiological barrier, they added.