Stocks Observer. com

The Karachi stock market maintained its bullish sentiment on Wednesday, as expectations of cut in discount rates within the next couple of weeks and the meeting of friends of Pakistan on April 17, which is expected to attract foreign funds to stabilise the economy, boosted investors’ confidence. The Karachi Stock Exchange (KSE) 100-share index gained of 57.20 points or 0.86 percent to close at 6,674.82 points as compared to 6,617.00 points traded in the previous session. The KSE 30-share index also increased by 70.59 points and closed at 7,234.40 points as compared with 7,163.81 points of the previous session. The KMI 30 index surged by 27.52 points to close at 9,225.54 points as against 9,198.02 points of the previous session. The market turnover decreased by 12.52 percent and traded 262.88 million shares as compared to 300.53 million shares traded in the previous session. The overall market capitalisation went up by 0.70 percent to close at Rs 2.005 trillion as compared with Rs 1.991