Business
Bulls dominate as KSE-100 gains over 1,200 points
Investors at the Pakistan Stock Exchange are optimistic about the new IMF programme
Karachi: Bulls ran high at the Pakistan Stock Exchange (PSX) as KSE-100 bench mark gained over 1,200 points in the intraday trade on Friday.
The index gained 1272.13, or 1.8 per cent and stand at 71,929.77 points at 4:27pm from the previous close of 70,657.64. Finally, the index closed at 71,902.09, up by 1244.45 points or 1.76pc from the previous close.
According to the experts, the market is gaining momentum after correction of three per cent during the last three days.
They said that the investors are optimistic regarding the new International Monetary Fund (IMF) programme and the upcoming investor friendly budget