Pakistan Business News
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KARACHI: The Karachi Stock Exchange’s (KSE) observed a bullish trading term on Thursday as investors were buying stocks in oil and cement sectors on strong valuations.
Sajjad Mankani, chief executive officer of Icon Capital Management, said, “KSE maintained buying momentum as individual small investors continued to join the rally after quite a long time.” He added that the investors were returning to the exchange since high officials declared that tax authorities would not ask investors about their source of investment till June 2014. The benchmark KSE 100-share index climbed up by 90.40 points, or 0.68 percent, to 13,451.07. The index moved either side of the fence by 179.80 points between intra-day high of 13,458.24 and intra-day low of 13,278.44.