KSE-100 sees upward trend
The Karachi Stock Exchange saw another satisfactory day as key indices showed an upward trends on Wednesday.
KARACHI:
The Karachi Stock Exchange saw another satisfactory day as key indices showed an upward trends on Wednesday.
The benchmark KSE-100 Index played in the negative zone for a short time in the morning, but recovered to cling above the 9700 mark, closing at 9715 with a 35 point gain.
The All-Share Index closed after a gain of 20 points and total exchange volume in the market was 66 million.
The optimism reflected in the positive trade is due to hopes that the new leverage product for the Continuous Funding System will be revived. The KSE Board and Securities and Exchange Commission of Pakistan met on Tuesday to discuss the matter.
The top three companies on the 100-Index were Byco Petroleum, Azgard Nine and Jahangir Siddiqi.
The Karachi Stock Exchange saw another satisfactory day as key indices showed an upward trends on Wednesday.
The benchmark KSE-100 Index played in the negative zone for a short time in the morning, but recovered to cling above the 9700 mark, closing at 9715 with a 35 point gain.
The All-Share Index closed after a gain of 20 points and total exchange volume in the market was 66 million.
The optimism reflected in the positive trade is due to hopes that the new leverage product for the Continuous Funding System will be revived. The KSE Board and Securities and Exchange Commission of Pakistan met on Tuesday to discuss the matter.
The top three companies on the 100-Index were Byco Petroleum, Azgard Nine and Jahangir Siddiqi.