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No signs of slowdown: KSE-100 gains over 1,000 points

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Bulls resumed their momentum at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index crossed the 61,000 level amid a jump of over 1,000 points during trading on Friday.
At 3:30pm, the benchmark index was hovering at 61,592.00 level, an increase of 1060.73 points or 1.75%.
Index-heavy sectors, including automobile assemblers, cement, chemical, commercial banks, oil and gas exploration, OMCs, and the refinery sector trading in the green, witnessed across-the-board buying.
At close on Thursday, the KSE-100 Index had closed almost flat, settling at 60,531.27, slightly up 0.05% or 29.27 points.
In November, the KSE-100 posted a return of 16.6%, the highest after March 2009 (excluding the April 2020 return, i.e. 16.7% in a post-Covid month), brokerage house Arif Habib Limited had said in a note earlier.

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