Summary "The market received the jolt but revived sharply"
KARACHI (Dunya News) – Pakistan stock market closed after a gain of 112 points as renewed buying spurted at trading and investment stocks on the day of the judgment.
In the history of the country Friday, 28th July was the memorable day where the index scored a fall of 1100 points during the first session, but closed with a fall of 719 points. During the close of the session the biggest decision arrived and following the opening of the market, the index received a knee jerk reaction and fell by 1669 points with index and the index hit the session low of 44235 points.
However, before the close of the session fresh spree of buying surfaced in the selected stocks and index gained almost 112 points where KSE-100 index finished surpassing 46000 points level. But market adjusted and index was net gainer of six points.
“The market received the jolt but revived sharply on grounds that now the uncertainty has been over and gene is out of bottle things would settle and would attract fresh buying from local and foreign investors”, an analyst said.
The next week again has been important for the market as the future course of the index would be decided and would be depend on the interest of high net worth individuals.
Filed by Haris Zameer
