KARACHI: The stunning victory at the stock market extended into the fourth day where the KSE-100 index cumulatively gained 2,414 points (7.13 per cent).
On Thursday, the KSE-100 index rose 944.20 points (2.73pc) and closed at 35,581.34, taking the last two sessions’ collective gains at 6.3pc, which marked the highest two-day gains in a decade.
Investors rushed for anticipatory buying before the launch of proposed government guaranteed market support fund, the modalities for which are being drawn up on the lines of State Enterprise Fund established in 2009.
Investors were also encouraged by the recent MSCI review that kept Pakistan intact in the Emerging Market and the approval of oil deferred payment facility from Saudi Arabia.