| Bullish KSE gains 121 points |
Updated at: 1751 PST, Friday, January 15, 2010 KARACHI: The Karachi Stock Exchange (KSE) continued the upward march on the last trading day of the week as benchmark-100 index crossed 9,900 points level after a gap of 17 months.The local equity market kicked-off the day in green zone and the trend lasted till the closing. KSE-100 index touched intraday highest level of 9,969 points during the session. Foreign players remained bullish in energy and banking stocks while local investors also preferred buying ahead of December result announcements on expectation of record results for banks, fertilizer and oil/gas sectors. Stocks ended 121 points above at 9,923 points. Market turnover inched up to 204 million shares while PTCL was witnessed as the volume leader, up Rs0.71/share to close at Rs20.20. It is important to mention here that benchmark-100 index has closed above the 9,900 levels after a gap of 17 months. It was seen at current level in August 2008 last time. Meanwhile, parallel KSE-30 index closed at 10,491 points with a gain of 132 points. Market experts said technical correction could be seen in upcoming sessions. |
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