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Home / Uncategorized / Closing: KSE-100 adds strong gains of 218.20pts, up 0.68% to towards 32,000pts
Closing: KSE-100 adds strong gains of 218.20pts, up 0.68% to towards 32,000pts

Closing: KSE-100 adds strong gains of 218.20pts, up 0.68% to towards 32,000pts

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 218.20 points or 0.68 percent to reach 32090.93 points and volume of 270,543,210 shares on Thursday.

The market opened on a positive note and kept crawled up to close the gap to its all-time high 32,000-level and never looked behind, setting eyes on new highs.

Bull-run kept the Karachi Stock Exchange fly high steadily towards new heights as benchmark KSE 100-index gained 275.01 points or 0.86 percent to climb up to 32,147.74 points till midday trading.

The fresh gains added to buoyancy in the market, giving impetus to 100-index ticking upwards to take the tally upwards from the overnight closing of 31,872.73.

The experts believed that investors’ sentiments received a big boost after the cooling off in political temperature as the government and the major political party in protest expressed willingness to sit around table.

Analysts and experts pointed out that positives on political front coupled with better than ever macro-economic indicators draw the index to another all-time high, adding that they anticipated a minor correction this week.

As a whole 33.55 per cent of companies witnessed increase in their shares while 27.30 per cent lost their share value and 3.12 percent companies remained stable.

High and Low were 32237.24 and 31872.73 respectively. Total volume traded in the market was 270,543,210 shares.

The experts believed that investors’ sentiments received a big boost after the cooling off in political temperature as the government and the major political party in protest expressed willingness to sit around table.

Analysts and experts pointed out that positives on political front coupled with better than ever macro-economic indicators draw the index to another all-time high, adding that they anticipated a minor correction this week.