KARACHI: The benchmark KSE-100 Index extended early gains in mid day trading on Thursday and reached 33917.41 by advancing 198.55 or 0.59 percent as compared to 33727.22 points of early trading when it witnessed a positive change of 8.36 points or 0.02 percent.
The High and Low were 33924.01 and 33641.99 respectively while the total volume traded in the market was 63,898,020. Experts attributed the Wednesday’s volatility at KSE to the investor fears on regulatory supervision and impact of settlement bank issues amid protests in the city.
The likely fall in power tariff, uncertainty in global commodities, rising coal prices and consolidation post earning announcements played a catalyst role in bearish activity at KSE despite strong results in banking and cement sectors and State Bank of Pakistan revision on inflation target up to 5.5 percent likely to further ease monetary policy stance next month, they added.
Earlier, the index was at 33,719 points level following the last day volatile closing on profit taking by the brokers.
