Stocks Observer. com

Bulls staged a comeback at the Karachi stock market Tuesday on back of announcement of 10 million pounds counter terrorism package by UK and statements on nuclear safety by President Asif Zardari. The Karachi Stock Exchange (KSE) 100-share index gained 85.14 points or 1.16 percent to close at 7,430.08 points as compared to 7,344.94 points of the previous session. The KSE 30-share index increased by 51.07 points and closed at 7,987.72 points as compared with 7,936.02 points. The KMI 30 index also surged 129.29 points to close at 10,519.54 points as against 10,390.25 points. Analysts said that the market, despite opening on a negative note, closed positively in the wake of better than expected results during the current week. The market turnover went up by 32.29 percent and traded 181.90 million shares as compared to previous session’s 137.50 million shares. The overall market capitalisation increased by 1.04 percent to close at Rs 2.213 trillion as against Rs 2.191 trillion traded in th...