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KSE roars with cheers as 100-index gains 70pt, 0.21pc to scale 33,835pts; marching on 34,000pts level

byShazad Ahmed
16/01/2015
in Markets, Stock Exchange
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KARACHI: Bulls continued to roar in Karachi Stock Exchange as benchmark 100-index extended overnight buoyancy, gaining 70.06 points or 0.21 percent to reach another all-time high of 33835.67 points in early trading on Friday.

Eyes are now up on another milestone of 34,000 points mark as the prevailing market tendency points to this direction.

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The market opened at the overnight closing of 33765 points in green zone and appeared confident, extending overnight gains.

Stocks on Thursday closed on a new all time high led by oversold oil stocks after WTI Crude recovered near to $49/barrel during the trading session, pushing the KSE-100 Index to a new height at 33765

The market continued with its bullish momentum closing in green zone.

 

Tags: 100-indexbuoyancyearly tradinggainsKarachi Stock ExchangeKSEmarketroar with cheersstocks

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