KARACHI: The Pakistan Stock market managed to regain recovery mood on Friday with the help of positive news from the macro-economic front. The market finds resistance around 44,500 points level as investors stay cautious due to the threat of coronavirus lockdown.
The benchmark KSE-100 Index was up 47.16 points to 44,475 points at the end of the first session before the Friday mid-day break.
The news of improved inflow of funds, better tax collections, and positive expectations on the corporate side supporting market, analysts and readers said.
However, there is a prevalent feeling of caution among investors regarding the increase in COVID cases and lockdowns that are limiting the pace of recovery in the market, they added.
