KARACHI: The bull-run continued to help the stocks rise high as Karachi Stock Exchange benchmark KSE-100 index broke its all-time high and touched the unprecedented level of 30889, posting commendable gains of 225 points or 0.74 percent till midday trading on Friday.
It seems the market has decided to touch the level of 31,000 as had predicted by experts and analysts that the index could reach 31,000-31,200 area in the week.
Earlier, the upbeat Karachi Stock Exchange recouped overnight buoyancy and kept engaged investors, taking the benchmark KSE-100 index all-time-high of 30776 points with 112points in early trading on Friday.
Though Friday is the last trading day at the market, stocks appeared determined and kept on adding to the score tally while boosting confidence of the investors. The trading began at the overnight closing of 30663 and remained cheering, showing its intentions to cross the level of 31,000 points.
It is to be noted that on Thursday the trading closed at 30663 with a huge gains on the board.
Experts and analysts attributed the bullish trend to various factors both on the economic and political spectrum.
Meanwhile, PTI Chairman’s Imran Khan demand for a Supreme Court’s Commission to probe the alleged rigging of general elections 2013 eased the political standoff.
Political bandits termed Khan’s statement a good omen, saying that it would help bring political stability to the country.
