KARACHI: Pakistan’s stock market maintained upward rally for the fifth consecutive day as the news from the political front and local COVID situation reflected active measures by government that support investors sentiments.

The benchmark KSE-100 Index gained 70 points to 46,167 points at 1:05pm. The Index reached as high as 46,285 points and as low as 46,048 points during the trade.

Traders and analyst said the market opened the day in a positive mood as an extension of the previous two-day trend, however, the swift application in share prices provoked some profit-taking before noon.

The intra-day correction created ground for another round of fresh but selective buying by investors. In positive news the below 100 fatalities of COVID in the country.

In the last 24 hours, Pakistan recorded 92 deaths while 2,253 people tested positive for COVID-19, according to the latest statistics released by the National Command and Operation Centre (NCOC).

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


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