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Midday: Possible IMF tranches keep markets higher, KSE gains 30 points

Midday: Possible IMF tranches keep markets higher, KSE gains 30 points

KARACHI: Started with positive note, gaining 86 points, the Karachi Stock Exchange (KSE) 100-index Tuesday witnessed fluctuation in trading and even went to minus figure but soon bounced back and gained 22.94 points with positive change of 0.08 per cent to stand at 30417.35.

On Monday KSE also opened with positive sentiments to balance the slow trading of after Eid days and gained 235.78 points to reach 30394.41 points and volume of 123,546,050 shares.

According to the economists, possible release of two tranches worth $1.1 billion by the IMF in December this year has boosted the investors’ confidence for trading in markets.