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|Subject: Cheering KSE-100 crosses 32,000pts; up 207pts or 0.65% to reach 32,080pts level Thu 04 Dec 2014, 2:20 pm|| |
KARACHI: Bulls kept the stocks charged and the Karachi Stock Exchange benchmark KSE 100-index crossed its all-time-high of 32,080.34 points with fresh gains of 207.61 points or 0.65 percent. There was buoyancy in the market and the 100-index kept ticking upwards, taking the tally upwards from the overnight closing of 31,872.73.
The market opened on a positive note and kept crawled up to close the gap to its all-time high 32,000-level.
The experts believed that investors’ sentiments received a big boost after the cooling off in political temperature as the government and the major political party in protest expressed willingness to sit around table.
Analysts and experts pointed out that positives on political front coupled with better than ever macro-economic indicators draw the index to another all-time high, adding that they anticipated a minor correction this week.