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KSE up by .17pc, index gains 53 pts to reach 31507.76 pts

KARACHI: The Karachi Stock Exchange (KSE) Thursday continued upward momentum and gained 53.29 points or +.17 per cent to reach 31507.76 points in early trading as the government has sold over $1 billion Sukuk bonds at international market, which also helped the index remain in positive note.

Yesterday, the benchmark KSE-100 index gained 230.73 points or +0.74 percent to reach 31454.47 points and volume of 145,707,940 shares. The country’s biggest stock market opened at overnight closing of 31,223 and appeared confidence, going up steadily. The market set the pace for the day trading, boosting confidence of the investors.

Though the traders exercised cautioned, the trading remained buoyant and the activities went smoothly. Later, KSE hit back at bears and shrugged off scare of the impending political storm in the federal capital, gathering momentum for the upward march to reach 31479.66 points with consolidated gains of 255.92 points till midday trading.