KARACHI: Bullish stocks adamant to rise high and high and appeared to have set eye on crossing another high of 32,000 points as benchmark KSE-100 index gained another 217.02 points or 0.69 percent to settle at 31,520.65 points till midday trading on Wednesday.
The Karachi Stock Exchange continued upward march steadily and so far seems to have gained the confidence to keep the bull-run prevail, luring investors to remain engage in trading.
The trade volume remained 94,389,070 which is quit promising and set to rise further.
The market opened on the overnight positive note and stayed buoyant, keeping confidence of the traders high. The Karachi Stock Exchange appears to have thought something different after crossing its all-time high and the experts and market analysts expect the trend to stay in.
Earlier, the trading started at the overnight closing of 31303 points and kept on sailing high.
Prime Minister Nawaz Sharif’s recently-concluded visit to China where he signed agreement and MoUs for more than 42 billion dollars investment in various sectors have boosted the market.
On the other hand, the IMF willingness to disburse another tranche in December has also boost the confidence.
