KARACHI: Pakistan Stock Exchange (PSX) managed to close the first session before Friday mid-day break in positive as previous days correction created room for fresh buying in dips. The encouraging news from the foreign front also gave strong reason to the investors for selective buying.
The Karachi Share Index (KSE-100) ended the first session with a gain of 329 points to take it to 45,053.29 points. The market recorded as low as 44,411 points with 313 points down.
PSX opened in a bullish mood this morning. The fresh buying, seemed obvious due to the level of share prices, after correction. However, the investors needed some positive news to return on buying that was provided by encouraging developments at foreign political front, traders and analysts said.
Kuwait’s Foreign Minister on his visit to Pakistan said that their country seeks an institutionalised relationship with Pakistan. The two Foreign Ministers agreed to work closely towards further strengthening and expanding bilateral cooperation in diverse fields.