KSE 100 Index reaches historic 18,000 points

KARACHI: The Karachi Stock Exchange's benchmark 100-share index on Friday closed above 18,000-point level for the first time in the country’s history.

The KSE 100-share index reached the 18,083.94 mark over positive investor sentiment on reports that the Supreme Court of Pakistan annulled a decision of the Lahore High Court which had stopped collection of tax on incoming international calls.

Healthy corporate earnings this season have also helped keep the market buoyant. 

Copyright Business Recorder, 2013