Stocks Observer. com

The Karachi stock market witnessed a bullish trading session Tuesday as Moody’s investor service revised the ratings of NBP, HBL, UBL, MCB and Pakistan’s sovereign debt to stable, which boosted investor confidence and they went for buying activities. The Karachi Stock Exchange (KSE) 100-share index gained 62.55 points or 0.79 percent to close at 7,995.10 points as compared to the previous session’s 7,932.55 points. The KSE 30-share index closed at 8,474.25 points with an increase of 65.32 points. The KMI 30 index closed at 11,873.31 points with a surge of 63.07 points. Analysts said the market remained buoyant since the start of the trading activities the trend continued till the closing. Cement and bank stocks remained in the limelight during the session. The market turnover went down by 22.55 percent and traded 106.86 million shares as compared with previous session’s 137.99 million shares. The overall market capitalisation was up by 0.68 percent to close at Rs 2.354 trillion as agai...