*ISLAMABAD – The Pakistan Stock Exchange (PSX) has bounced back from aslight dip on Thursday, reaching a 10-month high Friday morning.*
Just before trade suspended for Friday prayers, the KSE-100 index crossedthe 41,000 level, gaining more than 516 points or 1.26% from where it beganon Friday.
“The market started with oil and gas sector earnings per share [EPS] gainsthat eventually spilled over to other sectors,” said Raza Jafri ofIntermarket Securities. “While the market will continue from its peak afterthe prayer break is over and the trade will resume, it is not speculativeto suggest it may also end on a positive note.”
Bank of Punjab had the highest trading volume and was trading over Rs12.3million worth of shares. It also saw a 2.5% rise in the value of theirshares over yesterday.
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Following this was Unity Foods Limited, which traded over Rs12 millionworth of shares.
