PSX gains 900 points during intra-day trading
KARACHI (Web desk)- After plummeting as much as 1200 points during intra-day trading, Pakistan Stock Exchange (PSX) benchmark 100-index on Friday succeeded in gaining bullish momentum with induction of massive 900 points.
100-index is hovering at 48,797 point-level mark.
According to details, PSX has lost as much as 4800 points in the past five days.
Market experts say a correction was anticipated long ago as MSCI had reclassified Pakistan s status to emerging market but a fall of 4800 points in past five days was something exceptional.
It is pertinent here to mention that PSX had been declared Asia s best and world s fifth best equity market as volume of 100-index soared by 34pc in 2016.