KSE-100 index gains 636 points ahead of MSCI review announcement
KARACHI: Benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) on Monday, the opening day of the week, gained 636.96 points and closed at 52599.07 points, breaking the barrier of 52,000 points, ARY News reported.
The positive change was witnessed ahead of Morgan Stanley Capital International (MSCI) announcement due on Tuesday regarding its annual review on the re-entry of Pakistan in Emerging Markets Index.
Commercial Banks – was the top traded sector with total traded volume of 78,446,800 shares. The chemical industry was the second top traded sector with 45,842,790 shares.
The MSCI in its tomorrow’s review would define the Pakistani stock market’s future course.
It is worth mentioning here that MSCI, in a review, had earlier promoted Pakistan from the Frontier Markets to Emerging Markets Index on June 14 last year.