Karachi Stock Exchange opens positive, gains 80 points

Posted on May 6, 2009

KARACHI: Karachi Stock Exchange (KSE), despite yesterday’s setback, still opened positive this morning ascending 80 points. However, market analysts said that the buzz about the levy of tax on daily trading keeping the investors weary, which could be seen in the index despite positively moving up, the turnover remained lackluster. Analyst further said that the overall law and order situation in the country was also quite depressing for the investors seen holding back from taking any new position in the market. KSE-100 index surged by 83 points pegged at 7146 until the filing of this report.