Stocks Observer. com

KARACHI: The buying activities during the fourth trading session of the week Thursday kept Karachi stock market in the buoyant mood, traders said. The bullish sentiments dominated the session spurred by expectation of record payouts by oil and fertiliser scrips on year-end result announcements. Analysts said investors celebrated reduction in NSS rates ahead of result announcement session as which is evident from witnessing healthy turnover of 195 million shares. The Karachi Stock Exchange (KSE) 100-share index gained 227.62 points or 3.13 percent to close at 7,498.34 points as compared to 7,270.72 points of the previous trading session. The KSE 30-share index also gained 288.62 points and closed at 8,000.53 points as compared to 7,711.91 points. The KMI 30 index also gained 339.57 points to close at 11,211.16 points as against 10,871.59 points. The market turnover went up by 87.30 percent and traded 195.94 million shares as compared to previous session’s 104.61 million shares. The over