KARACHI: Stocks welcomed the first day of new year 2015 with a positive note as the Karachi Stock Exchange benchmark 100-index went up 184.07 points or 0.57 percent to reach 32315.35 points till midday trading on Thursday.
The market cheered up and showed buoyancy, keeping its upward march in a steady manner. Earlier, the Karachi Stock Exchange opened at the overnight closing of 32131 points and stayed bullish, extending the overnight gains and reaffirmed its resolve to mount the new heights of 33,000 points. The KSE bade the last sunset of 2014 at a happy note with the overall formation of the index in both short-term and long-term charts were eminently bullish.
The KSE-100 closed over 32131 level with a gain of 177 points to the benchmark amid an improved market volume of 202 million shares traded on Wednesday. Yet another cut in Petroleum Prices likely to ignite spark in the market activity in the next trading session.
As mentioned in the earlier reports that the strong resilience accompanied by strong bullish mood could trade in a high profile mode.
