Rating upgrade reverses bearish trend at PSX
KARACHI: The Pakistan Stock Exchange (PSX) rebounded on Friday, reversing the bearish trend of the past two sessions as investor sentiment was lifted by S&P Global’s credit rating upgrade and expectations of a monetary policy easing next week.
The benchmark KSE-100 index rose 514.62 points, or 0.37pc, to close at 139,207.29, with investors engaging in value-hunting during the last session of the rollover week. The market shrugged off recent lethargy, buoyed by renewed optimism over improving macroeconomic indicators.
Ahsan Mehanti of Arif Habib Corporation said the bullish........
© Dawn Business
