| GEO Business|
| Bulls dominate KSE at weekend|
| Updated at: 1847 PST, Friday, November 20, 2009|
KARACHI: Buying continued at the local equities market Friday, leading the benchmark KSE-100 Index by 55 points to close at 9,306.
Foreign investors’ buying and expectation of reduction in the discount rate breathed positivity in the overall market sentiment, as investors took particular interest in oil and gas, telecom and cements sectors.
Bank Alfalah hit the top in terms of volume, gaining paisas 94 to close at Rs14.25. It was followed by PTCL with an increase of paisas 27 to peg at Rs18.29 while Pak PTA eased paisas 2 to finish at Rs7.65.
Market analysts say that the investors are focusing on the upcoming monetary policy in which discount rate is expected to be slashed by 50 to 100 basis points.