Bullish momentum seen at PSX as shares gain 700 points on falling bond yields

Bulls dominated the trade floor at the Pakistan Stock Exchange (PSX) on Thursday as shares gained more than 700 points, which analysts attributed to falling bond yields.

The benchmark KSE-100 index climbed 836.06 points, or 1.02 per cent, to stand at 82,803.06 points from the previous close of 81,967.00 points at 1:24pm. Finally, the index closed at 82,721.76, up by 754.76 points or 0.92pc, from the previous close.

Raza Jafri, chief executive of EFG Hermes Pakistan, said, “Lower...