Global Stock Exchanges- STOCK EXCHANGES AROUND THE WORLD.
The benchmark KSE-100 index extended gains on Friday and crossed the 33,000-point mark due to robust investor sentiment following a meeting between Army Chief Qamar Javed Bajwa and prominent businessmen.
The first session remained largely range bound due to a lack of positive triggers and the index ended the session with a gain of about 100 points. Bullish sentiment prevailed in the second session, which began with a buying spree that continued till the end, helping the index close with handsome gains.
At close, the benchmark KSE 100-share Index recorded an increase of 281.06 points, or 0.86percent, to settle at 33,033.32 points. Buying activity was mainly seen in cement and steel sectors, and was further aided by oil and gas marketing companies, exploration and production firms and banks.
Optimism in the market was fueled by the meeting of leading businessmen with the Army Chief, the Prime Minister and his economic team, which sparked hope among market participants about resolution of the issues afflicting the bourse for long. The technology sector topped the volumes table with trading in 50.1 million shares, followed by cement companies (35.8 million) and engineering firms (31.1 million).
Among individual stocks, WorldCall Telecom emerged as the leader with trading in 33.2 million shares followed by Dost Steels (15.2 million) and Unity Foods (13.5 million). Oil and Gas Development Company...
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