Bulls regained control of the trading floor as shares at the Pakistan Stock Exchange (PSX) climbed nearly 1,600 points at the close of the first session on Friday, a day after the passage of the federal budget for the upcoming fiscal year.

The KSE-100 index climbed 1581.77 points, or 1.3 per cent, to stand at 123,628.23 at the close of the first session, from the last close of 122,046.46 points.

Awais Ashraf, director research at AKD Securities, said, “[The] passage of [the] federal budget with the absence of aggressive incremental revenue........

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