Pakistan’s stock market opened on a bullish note with the support of positive news regarding power and energy sectors. Investors also rushed back to take positions following space created due to corrections last week.
KSE-100 index opened the day positively and reached up to 46,130.62 points with a jump of 262 points in the first five minutes of trade. The leading stocks of power, energy, and banking were on gains as investors became busy in fresh buying.
The space created a correction in the previous session and the adjustment in portfolio investments supported the recovery of the market today, analysts and traders said. News regarding the resolve of the circular debt issue between the government and power producers along with the stability in policy rates by the Central Bank raised hopes for the market, they added.