Stocks Observer. com

KARACHI: The Karachi stock market continued to witness a bullish trading session on the last day of the trading week Friday as aggressive buying by NIT State Enterprise Fund boosted investors’ confidence and they took fresh positions in oil, banks and insurance scrips. The Karachi Stock Exchange (KSE) 100-share index gained 63.19 points to close at 5,597.44 points as compared to 5,534.25 points traded in the previous session. The KSE 30 index also increased by 140.74 points and closed at 5,634.78 points as compared with 5,494.04 points of the previous session. The KMI 30 index was up by 77.25 points to close at 7,400.87 points as against 7,323.62 points of the previous session. The market turnover decreased by 10.61 percent and traded 183.74 million shares as compared to previous session’s 205.56 million shares. However, the overall market capitalisation increased by 1.03 percent and closed at Rs 1.764 trillion as compared with Rs 1.746 trillion traded in the previous session. Out of 2