KARACHI: After posting losses for four consecutive days, the stock market reversed the trend and rose 126 points on Friday, led by buying in banking and cement sectors amid thin trading.
At close, the benchmark KSE 100-share Index recorded an increase of 126.08 points, or 0.3%, to settle at 42,633.02.
Overall, trading volumes decreased to 173 million shares compared with Thursday’s tally of 230.8 million. The value of shares traded during the day was Rs6.7 billion.
Shares of 350 companies were traded. At the end of the day, 178 stocks closed higher, 152 declined and 20 remained unchanged.