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Midday: KSE gives up early gains

Midday: KSE gives up early gains

KARACHI: The Karachi Stock Exchange (KSE) 100-index witnessed low trading and gain just 5.59 points to reach 29988.04 points with total volume of 49,437,800 shares till midday on Friday, the last day of trading.

Earlier, benchmark KSE 100-index took a good start and once again crossed the psychological barrier of 30,000, gaining 155.89 points to reach 30138.34 with volume of 831,561,540 shares till 9:45am. The country’s largest stock market observed maximum trading of 30162.64 and lowest trading of 29982.06 points.

Yesterday, benchmark KSE-100 index lost 138.54 points on closing to reach 29982.45 points and volume of 80,322,100 shares.

Economists, on early trading, said that though the ruling party, PML-N-backed candidate Javed Hashmi has been defeated by the protesting Pakistan Tehreek-e-Insaf (PTI)-supported candidate Aamir Doggar in by-election of NA-149 Multan, yet KSE’s positive start a good omen for the country’s economy.