Buying continues, KSE-100 Index opens with nearly 1000-point gain

Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE 100 index gaining over nearly 1,000 points during the opening hour of trading on Friday. At 9:50am, the benchmark index was hovering at 170,880.78 points, up by 968.83 points or 0.57%. On the index front, oil and gas exploration, automobile, cement, and chemical sectors emerged as key gainers. On Thursday, the KSE-100 Index exhibited robust performance during the session, gaining 1,392.01 points or 0.83% to close at 169,911.95 points, compared to the previous close of 168,519.94 points Meanwhile, Asian stocks were poised for a second week of strong gains and MSCI’s broadest index of Asia-Pacific shares outside Japan was down ​0.6%, but remained close to its highest since March 2, the first trading day after the Iran war broke out.