KSE recovers: Market closes at 90.35 points higher

KSE recovers: Market closes at 90.35 points higher

Karachi: (Friday, June 01, 2012) After being through extensive pressure culminating in putting the investors off, the Karachi Stock Exchange (KSE) finally recovered today and observed a healthy buying trend, pushing the market
90.35 points higher.

According to the market sources, the optimism among the investors prevailed amid the business friendly decisions taken on part of the government in the federal budget announcement.

The confident investors induced buying and pushed the Karachi Stock Exchange benchmark 100-index up by 0.66 percent or 90.35 points.

With this positive trend, the market closed at 13,876.97 with a trading volume share of 78.168 million as compared to yesterday’s 13,786.62 points.

Explaining the positive trend in the market, a dealer at the Al-Hoqqani Securities said, “There was positive sentiment about the budget, which helped lift the market.”

Short URL: https://www.newspakistan.pk/?p=24603

Posted by Fayyaz Yaseen on Jun 1 2012. Filed under Pakistan. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry