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Midday: KSE keeps upward momentum, adds 217 points

Midday: KSE keeps upward momentum, adds 217 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index, continuing its upward motion of morning trading, has gained 217,76 points to stand at 30376.39 points and volume of 60,004,590.

KSE started the trading week on Monday with positive note and gained 94.50 points to stand at 30253.13 at 10:30am. Last week KSE opened with a slow start after five days closure on weekend and Eidul Adha holidays and gained 46.72 points in the week-long trading, as it opened at 30103.23 points on Thursday and closed at 30149.95 points on Friday.

The positive report of World Bank, in which it acknowledged Pakistan’s economic growth in current fiscal year, has also encouraged investors to trade in markets.

Experts say that the markets could survive the increasing political pressure on the government as Pakistan Awami Tehreek leader Tahir-ul-Qadri led alliance of political parties has also demonstrated their power by gathering a big public gathering in Pakistan’s biggest industrial city, Faisalabad.