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Home / Uncategorized / Closing: KSE keeps upward rally with 192pts, up 0.61% to close 31872.73pts
Closing: KSE keeps upward rally with 192pts, up 0.61% to close 31872.73pts

Closing: KSE keeps upward rally with 192pts, up 0.61% to close 31872.73pts

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 192.01 points or 0.61 percent to reach 31872.73 points and volume of 257,480,050 shares on Wednesday.

Buoyant Karachi Stock Exchange continued its march toward historic high of 32,000 steadily as benchmark KSE 100-index added another 213.01 points or 0.67 to scores tally, taking it to 31893.17 points till midday trading.

Easing political concerns, cut in POL prices and lowest CPI inflation buoyed up stocks, giving impetus to Karachi Stock Exchange benchmark 100-index rose high.

The confident KSE seems to have set eyes to reach its historic high of 32,000 points. The market opened on a positive note at the overnight closing of 31,680.72 points and kept on moving upward, boosting confidence of the investors.

As a whole 35.69 per cent of companies witnessed increase in their shares while 25.33 per cent lost their share value and 3.78 percent companies remained stable.

High and Low were 31932.15 and 31680.72 respectively. Total volume traded in the market was 257,480,050 shares.

The analysts and experts attribute the bullish trend to expectations for SBP discount rate cut, fall in rates NSS rates and easing political concerns after PTI altered dates for protests played a catalyst role in bullish activity at KSE.