Karachi – Snapping the losing streak at the Karachi Stock Exchange, the benchmark KSE-100 Index soared to 34209.47 points with a minor positive change of 5.48 points or 0.02 percent.
Bears had dominated the stock ealier for three consecutive days as the Karachi Stock Exchange ended 0.7pc lower at 34,204 points level. Stocks battered at KSE led by oil, fertilizer and cement scrips on institutional profit taking.
Falling international oil prices, mid earnings season consolidation and uncertainty in global stock and commodities played a catalyst role in bearish activity at the market despite support in auto stocks.
The High and Low were 34209.47 and 34189.14 respectively with total volume of 734,950 traded in the market. Meanwhile, highest increase was recorded in the shares of Nestle Pak which rose by Rs200.00 to Rs10800.00 per share, followed by Colgate Palmolive that appreciated by Rs87.50 to Rs1848 per share.
