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Cheering KSE climbs up highest-ever 31,000pts, gains 324pts

Cheering KSE climbs up highest-ever 31,000pts, gains 324pts

KARACHI: Buoyant Karachi Stock Exchange (KSE) kept on cheering as benchmark KSE 100-Index crossed highest-ever psychological barrier of 31,000 points to climb up to 31254 points, gaining 324.32 points or 1.05 percent in early trading on Monday.

The market opened at the weekend closing of 30912 points and continued upward march, setting the pace for trading. It was beginning of the week but the KSE-100 index appeared enthusiastic, boosting confidence of the investors.

Experts and analysts attributed the bullish trend to various factors both on the economic and political spectrum.

It is worthy to mention here that Customs Today yesterday predicted that KSE 100-Index would touch the benchmark 31,000 points level till closing of the week on Friday. Customs Today has been regularly predicting such trends. For instance, Customs Today predicted cut in POL prices on October 3 and it happened on Nov 1 while the whole nation was in disbelief about the prediction on October 3.