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Top News

KSE-100 Index crosses historic 18,000 points

  KARACHI: The Karachi Stock Exchange's benchmark 100-share Index on Friday closed above 18,000 points for the first
Published February 22, 2013

 

karachi-stock-exchangeKARACHI: The Karachi Stock Exchange's benchmark 100-share Index on Friday closed above 18,000 points for the first time in the country's history boosted by foreign buyers during the week.

 

Giving impetus to investor sentiment, the KSE-100 Index reached the 18,083.94 mark on reports that the courts had approved a rise in international call rates and that ENGRO would be ensured supply of gas.

 

Healthy corporate earnings also helped keep the market buoyant.

 

The rupee ended stronger at 98.06/98.12 against the dollar, than Thursday's close of 98.13/98.18.

 

The money market rose to 9 per cent closing at 8.50 per cent on Thursday.

 

Copyright Business Recorder, 2013

 

 

 

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