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Midday: Buoyancy keeps KSE afloat with 78 points

Midday: Buoyancy keeps KSE afloat with 78 points

KARACHI: Buoyancy kept the Karachi Stock Exchange afloat as the benchmark KSE-100 index sustained modest gains of 78 points or 0.26% to cling to the level of 30283 points, though slight below the early gains of 83 point, till the midday trading on Friday.

The sentiments remained positive, boosting confidence of the investors and keeping the score board ticking. The Karachi Stocks Exchange benchmark KSE-100 index has been on the rise, following a two-day low in the wake of Cyclone Nilofar’s fears.

Earlier in the morning, the market opened at the overnight closing of 30207 points and kept on upward march. The investors responded positively to the positive trend in the market and remained engaged in trading.

The overall sentiments remained positive and the KSE consolidated the overnight gains. Market experts expect the trend to remain.

Though it is the last trading day of the week, the market witnessed modest trading and the volume remained 32,109, 550 shares.