KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on negative sentiments on the first day of trading but gained 487.34 points in the week-long trading, as it opened at 31993.01 points on Monday and closed at 32480.35 points on Friday.
The Karachi Stock Exchange benchmark KSE 100-index lost 86.27 points or 0.27 percent to reach 31906.74 points and volume of 142,478,050 shares on the first day of trading on Monday as the Pakistan Tehreek-e-Insaf again threatened the government of sit-ins as dead lock continued between both sides.
The market opened at the weekend closing and appeared sluggish, going down below 32,000 points to 31959 points. Stocks continued moving downward, shattering confident of the investors who preferred sitting at the bay to evaluate the situation.
The Karachi Stock Exchange benchmark 100-index gained 47.16 points or 0.15 percent to reach 31953.90 points and volume of 146,940,180 shares on Tuesday.
Earlier, the KSE lost 11.21 points or 0.04 percent to slide to 31895.33 points in early trading. The market opened at the overnight closing of 31,906.74 points, remained in negative zone and failed to boost confidence of the investors. The 100-index fell to 31895, adding to the prevailing uncertainty in the market.
According to experts, trade remained high with limited foreign interest as global equity and commodities remained in pressure after WTI crude oil prices fell below $55/barrel. Reports for falling local cement prices and concerns for heavy circular debt in energy sector played a catalyst role in bearish activity at the KSE.
The KSE 100-index gained 177.38 points or 0.56 percent to reach 32131.28 points and volume of 145,790,400 shares on Wednesday.
The market opened at the overnight closing of 31953.90 points and kept on going upwards, gaining momentum to boost the confidence of investors. It seems the stocks have left behind the bearish impact of the past two days.
On Thursday, the KSE 100-index gained 372.52 points or 1.16percent to reach 32503.80 points and volume of 186,250,880 shares 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.
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 KSE 100-index gained 251.26 points or 0.77 percent to reach 32731.61 points and volume of 235,201,230 shares on Friday.
Fueled by bull-run, Karachi Stock Exchange continued to cheer up as benchmark 100-index gained another 179.54 points or 0.55 percent to reach all-time-high of 32659.89 points, rekindling hope for 33,000 thresholds in midday trading.
There prevails buoyancy in the market as benchmark KSE 100-index kept on moving upward steadily towards making a new history of crossing 33,000 level.
