Karachi (HRNW) The Pakistan Stock Exchange closed in green on Friday with all market indices gaining value. The benchmark KSE100 index gained over 3% and closed at 28,109 points for the weekend.
Market experts have a consensus that the federal monetary economic stimulus package has helped traders gain confidence. The removal of capital value tax coupled with relaxation in loan limits and terms have encouraged mutual funds to invest in attractive prices.
Sharoon Ahmed of Elixir Securities attributed the partial recovery to a slowdown in the reported corona cases. However, he said that the rally “is not indicated in the days to come”. He said that it was entirely value-buying what was observed today. “The market is still volatile and everything is related to corona.”
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