After a large selloff, buying activity exploded at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark index rising about 3,000 points in the second half of trade.
In a note released on Friday, Intermarket Securities stated that the current market drop has loosened up values, presenting appealing entry positions for investors hoping to profit from the decline in stocks.
The KSE-100 index was up 2,797.39 points, or 2.63%, at 109,072.36, according to the PSX website.
Important industries like cement, commercial banking, fertilizers, and oil and gas exploration attracted a lot of investor interest. During the trading day, key equities such as MCB, MEBL, NBP, UBL, OGDC, PPL, and HUBCO all performed well.
