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Stocks bounce back with 559-point rally - Newspaper dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.
Stocks resumed their upward march on Friday with the KSE-100 index eking out net gains of 84.91 points, or 0.18 per cent, to close at 46,227.65. AFP/File
KARACHI: After a correction in the past two sessions, stocks resumed their upward march on Friday with the KSE-100 index eking out net gains of 84.91 points, or 0.18 per cent, to close at 46,227.65.
Trading remained choppy for the entire day where index opened gap up and surged to intraday high by 235 points.
Investors in early trade accumulated stocks on most sectors including cement, pharmaceutical, technology, autos and chemicals. The first half closed in mild green, while profit-booking was the order of the day in the second half which eroded all of the gains and pushing the index to intraday lows.