KARACHI: The Karachi Stock Exchange (KSE) managed to cross 32,000 points barrier and gained a substantial 303.61 points or 0.96% to close at 32006.40 points and volume of 212,121,500 shares on Tuesday. SBP rate cut of 50pbs gave an immense boost to the investors who made record buying.
Customs Today has another feather in its cap as this leading community newspaper was first one to predict on November 12 that KSE 100-Index would cross 32,000 points barrier very soon. Customs Today had also predicted Rs 14 cut in POL prices.
The benchmark KSE 100-index witnessed variation as it opened with positive note on Tuesday, gaining 83.99 points or +0.26pc to reach 31786.78 points and observed highest trading of 31819.23 and lowest trading of 31661.88 points.
Till midday, KSE kept its upward rally to grab the landmark stage of 32,000 points and up by o.13 per cent, gaining 42.76 points to reach 31745.55 points, with total volume of 91,995,580 shares.
On Monday, bulls bounced back strongly and kept their rule at the KSE again as the benchmark KSE 100-Index surged a considerable 358.72 points or 1.14% to reach 31702.79 points and volume of 172,777,940 shares.
As a whole 27.26 per cent of companies witnessed increase in their shares while 31.03 per cent lost their share value and 1.97 per cent companies remained stable.
High and Low were 32021.99 and 31661.88 respectively. Total volume traded in the market was 212,121,500 shares.
