KARACHI: *Pakistan Stock Exchange bounces back finally by over 2500 points.*

The Pakistan Stock Exchange witnessed a volatile session on the lasttrading day of the week, as the indices swung in both directions untilfinally picking up the upward path to end in green.

Foreign investors closed the preceding session on Thursday as the netbuyers with a net inflow of $2.36 million.

Contrary to the declining trend witnessed by the stock market in the pastfew weeks, the benchmark KSE-100 index closed the ongoing week higher by7.65pc or 2,537.19 points.

On the economic front, foreign exchange reserves held by the central bankdeclined by 8.9pc on a weekly basis and were recorded at $8.06 billion. Afew weeks ago, the reserves had jumped on account of $2.5 billion ininflows from China.

Moreover, as per news reports, the federal and provincial governments haveproposed Rs1.60 trillion for development spending, which is lower by 13pc.

Furthermore, the government has set the economic growth target for itssecond year at 4pc and projected inflation rate at 8.50pc owing to theInternational Monetary Fund bailout programme.