Devil Soul
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Pakistan stocks cross 32,000-mark to close at new record high
Dawn.com
KARACHI: Pakistani stocks crossed another milestone on Tuesday, with the benchmark Karachi Stock Exchange (KSE) 100-index crossing the 32,000-point mark for the first time in its history.
At the end of trading, the benchmark KSE 100-index rose 0.96 per cent or 303.61 points to close at a record high of 32,006.40 points.
The market hit a high of 32,021.99 points during trading, but came back to settle at 32,006 points, with a total of 312,061,880 shares traded.
The cement sector witnessed most gains with a total traded volume of 69,576,200 shares and companies hitting their upper caps. It was followed by commercial banks with a total traded volume of 43,098,500 shares.
The fertiliser and textile sectors also witnessed positive upward trends.
Analysts say foreign fund managers showed exceptional interest in the market and it is expected that the bullish trend at the KSE may continue in the following days.
Dawn.com
KARACHI: Pakistani stocks crossed another milestone on Tuesday, with the benchmark Karachi Stock Exchange (KSE) 100-index crossing the 32,000-point mark for the first time in its history.
At the end of trading, the benchmark KSE 100-index rose 0.96 per cent or 303.61 points to close at a record high of 32,006.40 points.
The market hit a high of 32,021.99 points during trading, but came back to settle at 32,006 points, with a total of 312,061,880 shares traded.
The cement sector witnessed most gains with a total traded volume of 69,576,200 shares and companies hitting their upper caps. It was followed by commercial banks with a total traded volume of 43,098,500 shares.
The fertiliser and textile sectors also witnessed positive upward trends.
Analysts say foreign fund managers showed exceptional interest in the market and it is expected that the bullish trend at the KSE may continue in the following days.
