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Midday: Cheering KSE shores up gains to 168 points

Midday: Cheering KSE shores up gains to 168 points

KARACHI: Buoyancy helped the Karachi Stock Exchange shored up gains to take the tally to 168 points or 0.55 percent to reach 30544 points in the midday trading on Wednesday.

Earlier, the market began the week on a positive note and the benchmark 100 index kept on upward march, setting the trend for the trading. The Karachi Stock Exchange KSE-100 went up 107 points or 0.35 percent to 30484 points in early trading.

The market opened at the weekend’s closing of 30376 points and despite remaining closed for two extra days, appeared positive.

The sentiments were high and the index kept on upward march.

The investors seem eager and confident, pushing the KSE-100 index ticking upward. Analysts are optimistic about the bullish trend in the market to stay in.

On the other hand, the government has planned selling out 10 percent share of the state-run OGDCL which is has cast positive impact on the overall condition of the market.