KARACHI: The Karachi Stock Exchange benchmark 100-index gained 50.72 points or 0.15 percent to reach 33993.00 points and volume of 161,979,540 shares on Friday.
Amidst the announcement by the State Bank that Pakistan’s total liquid foreign exchange reserves are at $16,036.7 billion, the KSE remained bullish in mid day trade on Friday as KSE-100 index jumped to 34007.29 points after gaining 65.01 or 0.19pc.
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State Bank of Pakistan reported that Pakistan’s total liquid foreign exchange reserves are at $16,036.7 billion for the week ended February 13 as compared to $15,238.2 billion of the previous week, ended at February 6.
The High and Low were 34143.94 and 33912.96 respectively with the total volume traded in the market of 161,979,540.
Earlier, the 100-index had suspended at 33,942 from the previous session of 33,719 points level while the KSE-30 Index had surged by 142 points and closed at 22,085 points as against 21,943 points of last closing.
Stocks showed recovery led oversold scrips across the board on strong valuations. Among major scrips cement and oil sectors were recorded recovery to lift the market towards bullish trend. Besides, the banking sector was showing good performance through annual result to attract trading in the sector.
