KARACHI – The benchmark KSE-100 Index till mid day trade on Tuesday soared to 33949.37 points by 22.67 points or 0.07 percent as compared to the bearish activities witnessed in the market on Monday when the index had shed 66.30 points and closed at 33926.70 points.
The High and Low were 34024.05 and 33912.55 respectively while the total volume traded in the market was 58,044,220. However, the bearish activity had witnessed amid thin trade after fall in WTI crude oil prices near to $48/barrel. KSE Index traded in narrow range led by second and third tier stocks in cement.
An expert was of the view that uncertainty in global commodities and consolidation post earning announcements played a catalyst role in bearish activity at KSE despite strong results in banking and cement sectors and likely ease in SBP monetary policy stance next month.