KSE Index Crosses 8000 Level
KARACHI: Aggressive buying at the local capital market pushed the benchmark KSE-100 Index above 8000 level which closed at 8,082 on Monday.
The stock market opened upbeat and remained in the green territory throughout the session on approval of additional loan by the IMF board and expectation of receiving the aid soon. Investors actively took positions in energy and cement sectors.
The KSE-100 Index has crossed the level of 8,000 points for the first time in the last eight months.
The trade volume was recorded at 180 million shares today.
OGDC emerged as today’s volume leader which advanced by Rs4.50 to Rs94.68.
KSE-30 Index surged by 285 points to finish the day at 8,628.
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KSE Index Crosses 8000 Level
Oil Increase In Asia Trade
SINGAPORE: Oil rose in Asian trade Tuesday but gains are being capped by concerns over a glut in global crude supples and weak energy demand, analysts said.
New York’s main contract, light sweet crude for delivery in September, climbed 25 cents to 70.85 dollars a barrel. London’s Brent North Sea crude for delivery in September was up 15 cents to 73.65 dollars.
Oil prices rose to historic highs of more than 147 dollars a barrel in July last year. They plummeted to near 30 dollars in December after a financial and economic crisis in the United States escalated to affect other economies around the world and hit oil demand.
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Oil Increase In Asia Trade
