Stocks Observer. com

Foreign portfolio investment at Karachi Stock Exchange and upgradation of Pakistan’s credit rating by international agencies pushed the benchmark KSE-100 Index beyond the psychological barrier of 9000 level for the first time in the last nine months. The trade began this week at the stock market with positive momentum which gained further strength towards the end of the week. The major Index closed this week with a huge gain of 462 points at 9003. The discovery of new oil reserves in the country and investment by foreigners fueled major investment in energy and banking stocks. The average volume stood at 240 million shares this week. KSE-30 Index surged by 464 points to finish the week at 8651.