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Midday: KSE gains 87 points after lacklustre start

Midday: KSE gains 87 points after lacklustre start

KARACHI: The stocks on Thursday started upward march after remaining lacklustre in the opening and the benchmark KSE 100-index gained 87 points or 0.29 percent to reach 29778 points in the midday trading.
Earlier at the opening, the market appeared dozy and went down but rose quickly and gathered strength to find direction.
Political standoff in the capital has caused some fears among the investors while flood related apprehensions caused lacklustre activity at the bourse, as investors remained cautious to participate actively anticipating gloomy consequences of flood.
The market struggled to find direction and investors remained confused.