Aggressive buying at KSE; Index surges by 228 points

admin — Sat, 04 Jul 2009 09:44:46 +0000

KARACHI: Bulls returned to Karachi Stock Exchange (KSE) on Thursday as aggressive buying pushed the benchmark KSE-100 up by 228 points to close at 7,498. Investors were seen taking fresh positions in various stocks on expectation of interest rate cut in the upcoming monetary policy besides steps taken to reduce rate of profit on National Savings Schemes. The share market opened upbeat and remained positive as buying spree continued throughout the session. The market turnover stood strong at 190 million shares. DG Khan Cement remained the volume leader as it gained paisas 5 to close at Rs30.55. KSE-30 Index swelled by 288 points to finish the day at 8,000.

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Aggressive buying at KSE; Index surges by 228 points