Bullish trend persists as KSE-100 index adds 286pts to take tally to 33343 level

KARACHI: The Karachi Stock Exchange gained another 285.84 points to reach 33342.63 points level till midday.

Earlier, the bullish trend in stocks entered another week as benchmark 100-index gained 221.26 points to reach 33278 points level in early trading.

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The Karachi Stock Exchange witnessed highest trading level of 33360.22 points and lowest trading level of 33056.79 points, with the total volume of 74,833,300 shares, having Rs4,051,042,806 value.

On Friday, the market remained strong throughout the day and closed, gaining 293 points to 33056.79. Volumes stood at 304m (Value at Rs13.7b/$134m). Expectations of the government announcing an auto-policy in the upcoming budget along with the USD hitting a fresh high against the JPY translated into strong investors’ interest in the auto sector. INDU, HCAR, and PSMC ended 3.8pc, 2.5pc and 2.4pc higher respectively.