Speculation guides KSE-100 index upwards
KARACHI: The stock exchange resumed its forward journey on Friday, with the KSE-100 index rising 59.84 points to close at 39,528.82.
The index managed to promptly recover after falling 190.30 points during the first half of the session as investors rolled over their future positions.
Trading during the first half came to an abrupt halt as a technical glitch in the PSX’s network paused trading early, however lost time was recovered by extending the second session for a short period.
Despite the reduced working hours, trading volume improved to 96.3 million shares, from 91m shares yesterday while trading value decreased to Rs7.3 billion, from Rs10.5bn.
Market movers on Friday were LUCK, HUBC and JDWS, which together added 51 points while HBL, POL, OGDC, UBL and PPL took away 121 points.