Pakistan Stock Exchange registers gains
ISLAMABAD – Pakistan Stock Exchange has registered gains in the week ending on Friday.
Pakistan Stock Exchange gaining 400 points or 0.98 percent to close at 41320 points.
An analyst from Topline Securities said that much of gain came after Mini Budget announced by Finance Minister of PTI government where index gained 718 points in a single day in Wednesday’s trading session. To note, the week ended early ahead of two holidays on account of Ashura.
The optimism was also clearly reflected in investors’ overall participation, where average daily turnover improved by 13 percent to 157 million shares while average daily volume was simultaneously up by 7 percent to 51 million shares. Foreign investors sold 12.6 million dollar worth of equities during the week, which coincided with FTSE Asia Pacific index rebalancing.