Bulls dominate as KSE-100 closes near 75,000 after gains

Karachi: Bulls ran high in the Pakistan Stock Exchange (PSX) as the key benchmark KSE-100 Index gained 267 points to close near 75,000 following a buying spree on some positive indicators.

The index briefly crossed 75,000 for the second consecutive day, but couldn’t sustain it due to some selling pressure. At close, the benchmark index settled at 74,930.69, up by 266.72 points or 0.36%.

Buying was witnessed in the banking sector, followed by technology, pharma, and textiles. On the other hand, fertiliser, power, E&P, OMCs, and cement sectors closed in the red.