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Opening: Stocks regain momentum as KSE 100-index rises 72pts

Opening: Stocks regain momentum as KSE 100-index rises 72pts

KARACHI: Stocks began week on a positive and restarted its journey towards its historic high of 32,000 points as benchmark KSE 100-index gained 72.59 points to reach 31567.43 points in early trading on Monday.

The market opened at the weekend closing of 31494.52 points and seemed confident, gaining momentum to march upwards.

After the SECP confirmation about the settlement of KSL outstanding trades in ready and future markets, experts hope that the market will remain positive and will be able to surpass its all-time high level.

It is to be noted that the KSE-100 Index lost momentum and plummet from its historic high 32,000 points over the KASB securities issue.