KSE-100 Index Crossed Much Awaited Level Of 10,000 Points
Bullish trend continued in the Karachi Stock Exchange on Friday and the KSE index reached the much awaited level of 10,000 points during its last trading session of the week.
The KSE-100 index closed at 10,025 after gaining 146 points towards the end of the session as healthy buying spurred the index to breach the psychological level of 10,000 points after 19 months.
Trading began on a positive note, though volumes were still relatively low as only 181 million shares were traded today. Foreign investors have been quite active at the bourse, while some local pickings also helped the market’s cause. The twin blast in Lahore did damage the sentiment of the investors.
Pakistan And India Agree On Cotton Trade
KARACHI PAKISTAN: Cotton Association of India (CAI) and Karachi Cotton Association (KCA) have reached an agreement to abolish all existing barriers in way of cotton trade between two neighbours.
President CAI Dheran N Seth visited KCA here on Saturday wherein he called on President KCA Sohail Naseem.
During the sitting, the heads of two cotton associations resolved to mutually resolve disputed issues instead of taking them up before International Cotton Advisory (ICA).
The meeting also decided to hold visits of members cotton associations from two sides on regular basis.
