BISINISS WORLD NEWS

KARACHI: Bulls continued to grip the local equities market Monday, pushing the benchmark KSE-100 Index further up by 50 points to 9,953.

The Index began its march on the positive lines and remained green throughout the session on the first day of business.

The investors actively took positions at energy and banking counter on the reports of negotiations between the Federal Finance Minister Shaukat Tarin and stock brokers on the Capital Gains Tax (CGT).

The trade volume was recorded at 170 million shares today.

WorldCall led the front-runners in terms of volume which gained paisas 26 to close at Rs5.42.

Meanwhile, KSE-30 Index surged by 71 points to finish the day at 10,366.

The market analysts say that the 100 Index could cross the psychological barrier of 10,000 points in the current week.