KARACHI: The benchmark KSE-100 Index improved slightly in trading on Thursday and reached 33727.22 with a positive change of 8.36 points or 0.02 percent as compared to 33,719 points level following the last day volatile closing on profit taking by the brokers.
The High and Low were 33749.34 and 33718.86 respectively while the total volume traded in the market was 870,900. Experts attributed the volatility at KSE to the investor fears on regulatory supervision and impact of settlement bank issues amid protests in the city.
The likely fall in power tariff, uncertainty in global commodities, rising coal prices and consolidation post earning announcements played a catalyst role in bearish activity at KSE despite strong results in banking and cement sectors and State Bank of Pakistan revision on inflation target up to 5.5 percent likely to further ease monetary policy stance next month, they added.
