KSE 100 Index closed Friday’s first session at 30,925.11 up 173.31 points. Volume for the first session was 68 million shares with 150 of 248 traded companies up, 85 down and 13 unchanged. The index is tracking regional markets which were up after oil prices rallied on hopes of more policy stimulus in Europe and Japan.
The T-Bill and PIB yield were up after news that the central bank had delayed the monetary policy meeting for January/February period. With the market expecting a further cut in the policy rate the yields had been on the decline.
PKR ended the first session at 104.93/95 having been range bound between 104.93/96
The Money Market ON rate was at 6.10/6.25.
Earlier, the SBP injected Rs.1,125 Billion in the market at 6.05% for 7 Days.