Tuesday, September 1, 2009

KSE crosses the 8900 mark


It has happened at last,folks. While the world lampoons the signals that contradict the expectation of an economic recovery, the Karachi Stock Exchange Index (KSE) has crossed the level of 8,900 after more than eight months whereas yesterday, foreign investors made buying of $24, million, the highest during last 17 months.The trading started with increment of 76 points, however, KSE-100 Index soon cross the level of 8,900 with the increment of 200 points. Last time, such activity was witnessed in December 15, 2008 when KSE-100 Index reached at 8817 points level.Most of the buying of shares occurred in the sectors of oil and gas, banking, telecom, cement and transport.

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