The stock market staged a surprise powerful rally yesterday as KSE-100 index surged by 387.01 points or 1.32pc to close at 29,705.07.
It brought to an end the six-session losing streak with the index reclaiming all of the 302 points or 1.02pc that the benchmark had lost last week.
Volume on Monday also climbed by 66pc to 91m shares, from 55m shares that changed hands last Friday. Traded value increased to Rs6bn from Rs2.7bn. The market capitalisation based KSE-30 index gained 308.82 points or 1.52pc to end at 20,568.65.
Investors were encouraged by the upgrade of outlook on Pakistan’s economy to stable from negative by the global rating agency, Moody’s.
