Stock market update: Friday builds on Thursday’s gains

KARACHI: The stock market maintained a positive momentum with momentary dips during the past week. Overall, the Pakistan Stock Exchange (PSX) remained bullish last week.
However, as the current week began, the KSE-100 benchmark turned to the downside on Monday and continued the trend till Thursday morning.
Yesterday, the index turned positive and rose by 600 points by midday. The index opened at 63,919.84 points and closed at 64,617.56 points.

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Adding to the gains on the last trading day of the week, the index gained 475.68 points to reach 65,093.24 points by the Jummah break.
The energy sector remained the main driver of declines over the past few days, while also leading the growth seen yesterday. Today, however, growth came from multiple sectors, indicating an overall improvement in the index.