Abb Takk News

Bearish Trend At PSX After Announcement of Monetary Policy

KARACHI: Pakistan Stock Exchange (PSX) on Friday showed an upward trend as the 100-index gained 313 points after the announcement of monetary policy.

The benchmark index increased following the start of trading and was closed at 41,112 points level. , but the momentum eased towards the end of first session.

In the second session, the market saw a short-lived spike following which investors bought selected stocks, which led to a steady rise in the bourse by the close of trading.

The cement sector remained entirely in the black on the back of strong investor interest.

At the end of trading, the benchmark PSX 100-share Index recorded an increase of 313.18 points, or 0.77%, to settle at 41,112.71.