Pakistan, June 27 -- Friday was a day to cheer, as investors welcomed State bank of Pakistan's announcement to cut interest rate by 100 basis points to 7%. Benchmark KSE-100 index ended on a positive note after a choppy week. Index remained in a positive territory throughout the trading and gained 229 points to close at 33,939-level i.e. 0.68% higher than the previous close.

Fridays' gains followed back to back lackluster sessions, as Investors looked for consolidation and profit taking as well as aiming to square up their positions amid last week of future rollover. Investors welcomed the rate cut as the only positive news and a fresh trigger following disappointments over 2020-21 budget- which failed to deliver on to the promises made ...