Wednesday, September 9, 2009

KSE bull runs jump over 9,000 barriers

KARACHI: Karachi Stock Exchange (KSE), after two consecutive days of nominal corrections, once again crossed over the 9000 psychological barriers.

The market today opened with 38 points plus undaunted by the last two days of some profit taking due to over buying and later this pace accelerated with the local and foreign purchasers’ buying spree, which saw the index once again breaching 9000 psychological barriers.

Oil and gas, cement, banking fertilizer and textile sectors’ shares remained attractive today, which hitting fours and sixes breached the 9000 marks. Analysts believed that the trading could further pick up due to the foreign investors’ interest in the stock market.

No comments:

Post a Comment