Karachi – The Pakistan Stock Exchange saw a rising trend on Friday following a disappointing performance on August 1.
The stock market’s upward momentum propelled the KSE-100 index to 78,397 points, up 656 points from the start of the week’s penultimate day trade.
The recent uptick is thought to be linked to a temporary thaw in political animosities between the government and former hardline Jamaat-e-Islami (JI) and Baloch Yakjehti Committee (BYC) protesters.
It should be mentioned that the stock market had a mixed trend last week, with the KSE-100 index finishing at 77,740 points after shedding 146 points on August 1.
Meanwhile, dollar prices fell by Rs0.16, to Rs278.50 from Rs278.66 in interbank.
Stock market shoots the lights out as KSE-100 index reaches 78,397 points
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