KARACHI: The Karachi Stock Exchange benchmark 100-index gained 227.82 points or 0.67 percent to reach 34014.26 points and volume of 174,966,210 shares on Monday.
Bull-run kept the stocks sail high after scaling all-time high of 34,000 points level as benchmark mark KSE 100-index consolidated gains 315.47 point or 0.93 percent to reach landmark 34101.91 points level till midday trading.
High and Low were 34120.92 and 33786.44 respectively. Total volume traded in the market was 174,966,210 shares.
The market is buoyed up at the expected cut in policy rate of 50-100bps by the State Bank of Pakistan (SBP) the monetary policy statement expected on Jan 24. The stocks remained bullish since start and went up 257.85 points or 0.76 percent in early trading.
The prevailing hope the cut in policy rate helped the index cheered up and went by the 34,000 points level. As a result, the benchmark KSE 100-index gained 0.76 percent.
The market opened the weekend closing of 33818.29 points and kept on sailing high, boosting confidence of the investors to push the index to the historic mark.
Experts and analysts expect the market to stay bullish and attract more investment, especially foreign.
