Stocks Observer. com

Hectic buying by investors pushed the benchmark KSE-100 Index at the local capital market by 134 points to 8108. The share market opened upbeat and remained positive throughout the two sessions on the weekend as investors took fresh positions in telecom, communication, oil & gas and cement sectors. The reports regarding approval of draft of CFS financing by the market affairs committee also kept circulating the market while big brokerage houses and foreign investors remained active in the market. New margin eligibility list: Meanwhile, the Karachi Stock Exchange has revised the list of margin eligible securities for ready market on the basis of eligibility criteria approved by the Security and Exchange Commission of Pakistan (SECP), effective from September 21, 2009. According to a KSE notice, the new list included 40 scrips which would be acceptable as collateral against exposure margins and market-to-market losses. KSE has asked its members to replace those shares with the Exchan...