KARACHI: Pakistan’s stock market showed a positive trend as the KSE-100 gained 1,008 points. The market closed on 43,788.08 points. The positive trend is being seen as the energy, banking and oil sectors attracted fresh buying on lower price levels. The renewed investment also seems to be supported by positive news on the economic front.
Earlier, the Karachi Share Index (KSE-100) gained 296 points that pushed the benchmark index above 43,000 points levels in the first 30 minutes of the trade today. The Index further gained 684 points by 11am to 43,451 points.
The share prices after the week-long correction were at attractive levels that supported fresh buying today, traders and analysts said. However, there is a clear need to avoid speculative trade as the market may need some technical corrections before regaining the upward momentum, they added.