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Opening: Qadri decision helps KSE take mammoth leap of 269 points

Opening: Qadri decision helps KSE take mammoth leap of 269 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index Wednesday witnessed upward rally and took a mammoth leap of 269.54 points or +0.91pc to reach 29963.81 points with the volume of 9,753,700 shares after Pakistan Awami Tehreek leader Tahir-ul-Qadri announced his prolonged sit-in in the federal capital of Pakistan.

On Tuesday, the benchmark KSE 100-index lost 16.85 points to reach 29694.27 points and volume of 71,040,950 shares. Earlier on the day, the market took a good start and gained 142 points to reach 29853.55 stage with the total volume of 16,142,400 shares.

Tahir-ul-Qadri on Tuesday night called off his more than two-month long sit-in, which has helped increase the investors’ confidence.