KSE-100 reverses trend, gains 126 points.

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. 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. On the other hand, foreigners invested massively during the day. Earlier, trading began in the first session on a positive note, however, volatility emerged due to the absence of positive triggers and the index began oscillating between negative and positive zones in the initial hours.

The bourse fell in the subsequent hours and the first session ended with a loss of 90.6 points. The second...