Global Stock Exchanges.
Byline: S. Kamal Hayder Kazmi
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. Investors pinned their hopes on Pakistan's likely exclusion from the Financial Action Task Force's (FATF) grey list by June 2020 as they expected diplomatic support in the FATF meeting to be held in Paris next month. At close, the benchmark KSE 100-share Index recorded an increase of 126.08 points, or 0.3 percent, 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...
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