KARACHI: Pakistan Stock Exchange (PSX) managed to regain upward trend on Thursday on the back of fresh buying by investors as the previous days fall pushed the share prices at very attractive levels.
KSE-100 Index opened the day in positive and managed to breach above 44,000 points level in first few minutes of the trade. With the continued appreciation, the benchmark index reached near 44,500 points psychological barrier by noon. The benchmark index traded at 44,426 points with the addition of 472 points at 12:10 pm.
Traders and analysts said the market was already down after four-day decline during the previous week and yesterday’s fall took share prices to the levels where fresh investment became very attractive. Today the rally was in oil and energy stocks, cement and banking shares, they added.
