By Aisha Steel Recorder Report
KARACHI: The Pakistan Stock Exchange (PSX) maintained its upward trajectory on Friday, mainly attributed to the inflows from mutual funds, as investors continued converting their holdings from fixed income to equity funds.
The benchmark KSE-100 Index gained 517.42 points, or 0.39 percent, to settle at 134,299.77 points up from the previous day’s 133,782.35 points. The market opened on a positive note and remained largely in the green throughout the session, touching an intraday high of 134,931.96 points and low of 134,130.41 points.
On Friday, BRIndex100 gained 56.65 points or 0.42 percent to close at 13,630.83 points with the total volume recorded at 572.99 million shares. Similarly, BRIndex30 advanced by 184.27 points or 0.46 percent to settle at 39,850.99 points.
Topline Securities, in its post-session commentary, attributed the sustained positivity to continuous inflows from mutual funds, as investors continued converting their holdings from fixed income to equity funds — a trend evident in Nati