KARACHI: Last week’s bullish trend continued at the Karachi Stock Exchange (KSE) as 100-index Monday gained 163.46 points and reached 33938.58 level with total volume of 22,555,150 shares in early trading.
On Friday, the benchmark KSE 100-index added further 318.38points to close at 33775.12 points and volume of 165,276,660 shares.
The Karachi Stock Exchange (KSE) sustained its positive momentum from last week as the visit of the Chinese President led to increasing optimism over Pakistan macros. As a result, the benchmark KSE 100-index closed the week 1.6% WoW up at 33,775 with average trading volumes clocking in 11% WoW higher at 329m shares/day. Foreigners too were net buyers of US$7.6mn during the outgoing week vis-a-vis net buying of US$7.4mn in the preceding week.
