PSX witness bullish trend, jumps over 900 points

• The KSE 100 Index has crossed the 34,000 points barrier and was being traded at 34,108.47 points.
• The BRIndex 100 was being traded at 3,519.16 points with a positive change of 112.27 points

Bullish trend was witnessed at the Pakistan Stock Exchange (PSX), after the benchmark KSE-100 Index was up over 900 points on Thursday.

At the time of filing this report, the KSE 100 Index has crossed the 34,000 points barrier and was being traded at 34,108.47 points, with a positive change of 949.63 points and a percentage change of 2.86 percent.

Meanwhile, the BRIndex 100 was being traded at 3,519.16 points with a positive change of 112.27 points and a percentage change of 3.30 percent.

The development comes after encouraging early results from a COVID-19 treatment trial, which boosted though global stock markets.

U.S. and European stock futures gained throughout the session, with EuroSTOXX futures and FTSE futures last up more than 1pc and S&P 500 futures up about 0.7pc.

A 1.4pc rise in MSCI’s broadest index of Asia-Pacific shares, excluding Japan, has it tracking toward a weekly gain of more than 5pc, its best in three weeks.