Karachi – The benchmark KSE-100 Index surged to all-time high of 34993.75 points with a positive change of 167.24 or 0.48 percent mainly due to favourable CPI Inflation data for Jan’15 at 3.88pc YoY, renewed hopes for disbursement of $550m tranche following IMF Review and expectations for key announcements on privatisation of SOEs.
The High and Low were 35024.22 and 34826.51 respectively with total volume of 13,140,550 traded in the Karachi Stock Exchange. Ealier, the market opened on a positive note and later juggled between the red and green zone. Experts said that amid sharp recovery in WTI Crude Oil crossing $51/barrel, stocks closed on a new all time high led by blue chip oil stocks.
