Number of posts : 365
Age : 34
Location : pakistan
Reputation : 0
Points : 1095
Registration date : 2014-10-22
|Subject: Stocks up 24pts, 0.08%; eyes 33,000pts amid PTI ‘shutdown’ call Mon 08 Dec 2014, 1:16 pm|| |
KARACHI: The Karachi Stock Exchange remained buoyant in its record-shattering journey as benchmark KSE-100 index added another 24.82 percent or 0.08 percent to the weekend closing of 32151.70 points to reach 32173.60 points in early trading on Monday.
The market started the new trading week on a positive noted and appeared confident, setting eyes on another all-time high of 33,000 point. The stock responded positively to the PTI shutdown Faisalabad call given for Monday (today) where a ‘showdown’ is eminent.
Though the overall economic scenario is positive yet the political standoff has the potential to turn the situation volatile.
The analysts and experts are hopeful about the likely talks between the government and PTI to settle the issue amicable which would avert any negatively in the market.