Global Stock Exchanges - STOCK EXCHANGES AROUND THE WORLD - Pakistan stocks keep rallying.
Author | Kazmi, S. kamal Hayder |
Byline: S. Kamal Hayder Kazmi
Pakistan stock market extended its rally and gained 448 points on Friday as investors expected a positive outcome from the Financial Action Task Force (FATF) meeting to be held next week. Moreover, many companies are expected to announce financial results in the forthcoming week, which further strengthened investor sentiment.
A rise in global crude oil prices in the wake of attack on an Iranian oil tanker gave a boost to stocks of exploration and production companies and the entire sector posted handsome gains. Earlier, trading kicked off on a positive note and the benchmark index spiked in initial hours.
At close, the benchmark KSE 100-share Index recorded an...
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