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Closing: KSE maintains all time high position, up 70 points

Closing: KSE maintains all time high position, up 70 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 70.47 points to reach 30663.78 points and volume of 211,621,120 shares on Thursday by maintaining all time high postion.

Earlier, stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level till 9:45am.

The mark opened at overnight closing of 595 points and appeared buoyant, maintaining upward trend. The market sustained bullish mood as was indicated by experts and analysts

Till midday, KSE maintained its record breaking rally and further gained 175 points to reach historic 30768.53 points level with total volume of 111,855,850 shares.

The highest increase witnessed in price of the Fauji Cement, Telecard Limited, Jah.Sidd. Co, Engro Corporation while the UniLever Pak, Siemens Pakistan, Shield Corporation and Millat Tractors Ltd remained the biggest losers of the day.

High and Low were 30821.29 and 30593.31 respectively. Total volume traded in the market was 211,621,120 shares.

Experts predicted that recent confidence in market will improve in coming days, boosting trade activities at stocks and currency markets. “The Bullish trend is being attributed to the government’s renewed efforts to revive privatization and restart of IMF discussion bode well and should reassure investor’s confidence on the back of growing signs of macro stability and reduced political uncertainty,” they added.