Pakistani stocks blast off to new heights

[Saifullah Sani]

Karachi Stock Exchange (KSE) blasted off on Thursday piling up 404.34 points to close at an all-time high of 28,336.36 points.

The benchmark KSE 100-Index rose by a massive 1.45 percent.

The stocks drew most of the support from continuous foreign and local fund managers, which helped the rally, which started on Monday, persist on the 4th consecutive day.

Prevailing positive sentiment over improving economic and external fronts kept market in the bullish zone, a dealer said.

Oil and Gas Development Co Ltd rose 2.31 percent to 258.99 rupees while Pakistan Petroleum Ltd was up 1.94 percent to 232.80 rupees. The rupee ended at 98.10/98.15 against the dollar compared to Tuesday´s close of 98.10/98.15.

Overnight rates in the money market remained flat at 10.00 percent. (Reuters)

Pakistani stocks blast off to new heights

 

[AZADPAKISTAN2009]

Well it was bound to happen , with the positive work being done on the paint work being done on Bilawal House, new paint brings in new investors

 

[Muhammad Omar]

Sad to hear someone blasted the stock exchange too.

Rip.

It's not a Bomb Blast

Sad to hear someone blasted the stock exchange too.

Rip.

The benchmark KSE 100-Index rose by a massive 1.45 percent.

Stock Exchange Rose read it complete Please.... There was not a Bomb Blast....