Stocks Observer. com

* 100-share index gains 124.87 points or 1.63% * Turnover falls 23.11% to 259.36 million shares KARACHI: The Karachi stock market switched to a positive trading note on Friday as international donors pledged $5.28 billion to stabilise the poverty-stricken country, which triggered investors to go for intense buying activities. The Karachi Stock Exchange (KSE) 100-share index gained 124.87 points or 1.63 percent to close at 7,794.95 points as compared to 7,670.08 points of the previous session. The KSE 30-share index increased by 144.73 points and closed at 8,540.16 points as compared with 8,395.43 points of the previous session. The KMI 30 index also surged 188.71 points to close at 10,795.46 points as against 10,606.75 points of the previous session. Analysts said in their comments that the market received a tremendous push following looming expectations over cut in discount rates due in the monetary policy to be announced on April 20. The market was volatile during the trading session