Bullish trend adds 65 points to KSE-100 index
KARACHI: Karachi Stock Exchange (KSE) witnessed upbeat trend today (Wednesday) with addition of 60 points, leaving 100 index at 10570 points level at close, Geo news reported.
Trading began in positive zone today and continued throughout the day with volume remaining at around 28 crore shares.
The most buying was seen in stocks of TRG Pakistan, which was 6.12 rupees up at close while KSE-30 index was also traded in positive zone all the day which was up by 66 points to close at 10,755 points level.
Meanwhile, experts anticipated the 100-index may cross 10,700 points level by the end of trading week.
KSE Slow In Bullish Trends
KARACHI: Karachi Stock Exchange (KSE) showed steady bullish trends this week, as local and foreign investors kept buying with benchmark 100-index poised at 9000-point level the entire week.
The market opened in positive zone this week and witnessed fluctuations the entire week with 100-index, at one point, seen touching 9150-point level.
However, viewing the promise in some sectors, the investors resorted to selling, which pushed the index off the balance, making it close at 9059 up 56 points.
The average trading volume shrank by 15 percent to 210 million scrips. The leading blue chips were OGDCL and National Bank.
The experts said outstanding bullish activity could be seen in the next week, as foreign investors augmented buying.
KSE Slow In Bullish Trends was first posted on September 14, 2009 at 2:13 pm.
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