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Saturday, March 13, 2010

Local bourse breaches 10,000 points barrier

Local bourse breaches 10,000 points barrier KARACHI: Bulls grew further strong Friday leading the local equities market beyond the psychological barrier of 10,000 points – a level witnessed by the Karachi Stock Exchange (KSE) after a period of 19 months.

Upbeat activity continued at the share market right from the beginning of the first session and pushed through till the end of the second session on the last trading day of the week.

The benchmark KSE-100 Index bagged 146 points to finish at five-digit-point-level at 10,025, highest since August 2008.

The market turnover was registered at 190 million shares with Lotte Pakistan topping the list of today’s volume leaders at Rs11.41 up by paisas 4.

Meanwhile, KSE-30 Index surged to the level of 10,448 with a rise of 86 points.

Market analysts foresee the positive trend to continue in the next trading week.

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