KARACHI: The stock market extended its rally on Friday, with the benchmark KSE-100 settling higher by 839.12 points at 31,621.79 points. Friday’s rise in the benchmark index’s value meant that the KSE-100 accumulated 3,512 points during the outgoing week — highest-ever jump in the exchange’s history. Tariq predicted that “cement and steel are expected to benefit from the construction package, whereas E&P sector will benefit from the recent increase in international oil prices from its lows”. Oil prices have been slashed to less than half their value in 2020. This is due to the industry expecations with regards to the construction package that is to be announced.

Source: Pakistan Today April 03, 2020 14:48 UTC