Stocks Observer. com

Lifting of election ban on Sharif brothers and sharp cuts in Pakistan Investment Bond (PIB) yields kept the Karachi stock market in the greens during the week, analysts said on Saturday. The market remained buoyant despite Lahore and Peshawar terror attacks, they added. The Karachi Stock Exchange (KSE) 100-share index gained 130.37 points or 2 percent to close at 7,276.61 points as compared to 7,146.24 points of the previous week. Analysts said that the limited fall of local petroleum prices attracted the investors towards oil marketing companies, while gas-line deals with Iran were also taken positively for gas marketing companies. The turnover was recorded at 188.83 million shares as compared with 111.46 million shares of the previous week, reflecting an increase of 69.41 percent during the week. “The market welcomed the Supreme Court’s decision regarding lifting of election ban on Sharif brothers,” said analyst at JS Research Bilal Qamar. “The bullish sentiments in the market were s...