KARACHI: Pakistani stocks continued to rally on Friday counting on the market consensus that State Bank of Pakistan (SBP) would hold the interest rate following International Monetary Fund’s (IMF) go-ahead to a loan plan for Pakistan.
The benchmark 100-share index of the Karachi Stock Exchange (KSE)
gained 1.40 percent, or 314.41 points, to 22,765.87 on Friday.
Investors turned bullish on National Bank of Pakistan (NBP), Engro Corporation Ltd, Maple Leaf Cement, and Nishat Chunian.
These stocks closed at their upper cap of 5 percent.
Both NBP and Engro Corp rose 5 percent to close higher at Rs50.61 and Rs152.59 respectively.
