KARACHI – The Karachi Stock Exchange snapped the week-long losing streak perhaps because of net purchases by foreign investors of stocks valued at $5.99m; the inflow being $4m in oil and gas and $1.0m in chemicals sectors as 100 index jumped to 34009.11 with positive change of 212.67 points or 0.63 percent.
The High and Low were 34036.31 and 33796.44 respectively while the total volume traded in the market was 10,688,050 with the value of 994,915,170. Earlier, the index had declined by 146.76 points or 0.43pc to 33,796.44 in addition to the heaviest weekly decline of 714 points or 2.05pc last week. It was a pleasant surprise for the market after persistent sale by foreigners. Among the local participants, both individual and institutional investors opted to take profit with the aggregate market volume down by 29pc to 177m shares and trading value reduced by Rs32pc to Rs10bn.
