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KSE maintains bullish trend, 100-Index touches 32758pts mark

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 26.18 points or 0.08 percent to reach 32757.79 points and volume of 248,960,940 shares on first day of trading, Monday.

The KSE began the new trading week on a negative note as the index fell 63 points or 0.19 percent to 32668.53 percent in early trading on Monday.

The market opened at the weekend closing of 32731.61 points and appeared lackluster, going down at the start. Market, however, appeared confidence and as expected by the analysts, showed resilience bouncing back to boosting confidence of the investors.

High and Low were 32866.42 and 32664.15 respectively. Total volume traded in the market was 248,960,940 shares.

These were bull-run in the Karachi Stock Exchange during the last week and the index reasserted it position, rekindling the hope for another historic high of 33,000.

There prevails buoyancy in the market as benchmark KSE 100-index kept on moving upward steadily towards making a new history of crossing 33,000 level.

Taking into account various factors and development under the prevailing scenario, experts expect the benchmark 100-index will make another record by cross the 33,000 points.