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Midday: KSE 100-Index maintains upward rally

Midday: KSE 100-Index maintains upward rally

KARACHI: Started with positive note, the Karachi Stock Exchange (KSE) 100-index witnessed variation in trading till midday as the index observed highest trading of 30247 points and lowest trading of 30098 points. The KSE index gained 27.68 points to reach 30126.17 points with total volume of 41,749,800 shares on the fist day of trading week.

Earlier, benchmark KSE 100-index gained 111.87 points or + 0.37 to reach 30210.36 points, with total volume of 2,775,750 shares till 9:45am.

The KSE 100-index opened on negative note on the first day of trading last week, however, gained 206.01 points in the week-long trading, as it opened at 29892.88 points on Monday and closed at 30098.49 points on Friday.

Federal Minister for Finance Ishaq Dar has signed a Memorandum of Understanding (MoU) on establishment of Asian Infrastructure Investment Bank (AIIB) in China. The MoU has further enhanced the confidence of investors to trade in market.