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KARACHI:A day after tumbling over 1,000 points, the Pakistan Stock Exchange staged a modest recovery on Friday and gained 261 points, closing above the 38,500 mark.At the start of trading, stocks traded briefly in the green zone before a bear-
adidas campus white run prevailed, which struck 500 points off the benchmark index.However, most of the losses were wiped off by the end of the first session as investors began cherry-picking of stocks. The positive rally continued in the second half as well and the market ended the day in the green.Exploration and production stocks bore the brunt of dented sentiments following two massive falls in the KSE-100 index in the current week. Other index-heavy stocks moved higher.At the end of trading, the benchmark KSE 100-share Index recorded an increase of 261.42 points or 0.68% to settle at 38,562.05.Market watch: KSE-100 dives 1,002 points as macroeconomic concerns persi
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KARACHI:Bulls staged a comeback to the stock market on Thursday and pushed the KSE-100 index up by 866 points as investors cherished the news of International Monetary Fund (IMF) lending $1.4 billion to Pakistan next week.Late on Wednesday, the IMF announced the disbursement of $1.4 billion to Pakistan under the Rapid Financing Instrument to help improve the country s fina
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air max 270 t participants with a renewed stimulus as they made fresh investments. In addition, a recovery in global stock markets lent further support to the local bourse.Global shares rose on hopes the Covid-19 pandemic was nearing its peak and that governments would roll out more stimulus to support their economies.MSCI s broadest index of Asia-Pacific shares outside Japan was up 0.9% while shares in China rose 0.42%. Australian shares were up 2.54%.A recovery in global oil prices furthe
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