Bulls dominate as allies assure Pakistan of financial assistance

Bulls dominated the stock market on Thursday as investors rejoiced over the news of Saudi Arabia releasing agreed financial assistance in upcoming days. The index rallied and gained more than 480 points in intra-day trading, finishing the day in the black.
http://www.forextrading.pk/open-market-currency-rates.php
The KSE-100 index opened on a positive note and continued its journey towards the north, driven by buying interest from investors. Sentiments were further buoyed by the Chinese assurance that a financial package was currently being worked out to ease Pakistan’s external-sector challenges.
Chinese Embassy Deputy Head of Mission Zhao Lijian said the Chinese package would be bigger than that of Saudi Arabia in terms of financial grant.