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Home / Uncategorized / Closing: Karachi stocks manage to touch 32,000pts mark as reserves cross $15b
Closing: Karachi stocks manage to touch 32,000pts mark as reserves cross $15b

Closing: Karachi stocks manage to touch 32,000pts mark as reserves cross $15b

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 249.63 points or 0.79 percent to reach 32000.01 points and volume of 200,246,400 shares on Wednesday as the country’s reserves cross $15 billion mark after IMF’s tranche of $1.05 billion.

Earlier, the country’s largest stock market started with positive note and gained 85 points or 0.27% to reach 31576.76 points with total volume of 8,996,890 shares.

On Monday, the benchmark KSE 100-index kept bullish trend and took a mammoth jump of 480.47 points or 1.55 per cent to reach 31491.62 points with total volume of 131,701,810 shares at a value of Rs9,293,424,710 at closing of the day.

The Karachi Stock Exchange benchmark KSE 100-index Tuesday maintained bullish trend and up by 0.71 per cent after gaining 222.40 points to reach 31714 points with total volume of 60,225,940 shares till midday.

As a whole 26.60 per cent of companies witnessed increase in their shares while 29.39 per cent lost their share value and 5.09 percent companies remained stable.

High and Low were 32019.45 and 31750.38 respectively. Total volume traded in the market was 200,246,400 shares.