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Home / Markets / Stocks extends overnight gains as KSE rises 136pts, 0.43% to reach 32090pts

Stocks extends overnight gains as KSE rises 136pts, 0.43% to reach 32090pts

KARACHI: Stocks extended activities and the benchmark KSE 100-index rose 136.90 points or 0.43 percent to up to 32090.80 points in early trading on Wednesday.

The market opened at the overnight closing of 31953.90 points and kept on going upwards, gaining momentum to boost the confidence of investors.

Though the market remained bearish, it somehow managed to rise and gathered confidence. Overall sentiments remained mixed and the investors exercised caution. It is to be noted that stocks showed recovery led by banking, fertilizer and cement stocks on strong valuations. Investor interest remained in second and third tier stocks expected to benefit from falling energy prices, lower CPI inflation.