KARACHI: The stocks opened with positive note after Eid holidays as Karachi Stock Exchange benchmark KSE-100 index gained 153 points to reach 32975.80 points level in early trading on Monday.
Last week, bearish trend continued to keep the stock market range-bound with KSE-100 index closing at a meager 0.2% WoW amid lackluster volumes mainly due to Eid holidays. Lack of triggers kept market volatile with activity in selective stocks and shaky uptrend, with weekend closing clocking-in at a meager +62pts to 32,823pts. Of the index heavyweights, E&Ps were knocked down by 2.5% due to volatile international crude oil prices (+2.9% WoW to USD 46.5/bbl) and banks by 0.3% WoW amid lack of triggers and absence of value buyers.
