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Opening: KSE adds to overnight gains, up by 58 points

Opening: KSE adds to overnight gains, up by 58 points

KARACHI: Stocks consolidated its overnight gains as Karachi Stock Exchange benchmark KSE-100 index kept on upwards march and added 58 points or 0.19 percent to reach 30297 points in early trading on Tuesday.

The market opened on a positive note, though investors appeared cautious, the overall sentiments remained bullish. The KSE opened at the overnight closing of 30238 and steadily kept on moving upwards to gain 58 points.

Analysts attributed the bullish trend in the market to easing of political concerns and speculation in fertilizer and selected cement sector stocks amid expectations for record earnings for the quarter impacted the sentiments.