KARACHI: Pakistan’s stock market opened the new trading week on a strong note, with the benchmark KSE-100 Index crossing the 186,000-point mark during early trading.
The index gained more than 1,100 points to reach 186,868 points, after closing at 185,910 points at the end of the previous trading week.
Meanwhile, gold prices in the international market remained near a two-week high after weaker-than-expected US employment data reduced expectations of further interest rate hikes by the US Federal Reserve.
Spot gold held steady at $4,174.66 per ounce, while US gold futures for August rose 1.5% to $4,186.70 per ounce.
Market analysts said signs of slowing in the US labour market have improved demand for gold, as investors expect a less aggressive monetary policy from the Federal Reserve.
