KSE gains 121 points, bullish trend continues

The Karachi Stock Exchange (KSE) continued the upward march on the last trading day of the week as benchmark-100 index crossed 9,900 points level after a gap of 17 months. The local equity market kicked-off the day in green zone and the trend lasted till the closing. KSE-100 index touched intraday highest level of 9,969 points during the session.
Foreign players remained bullish in energy and banking stocks while local investors also preferred buying ahead of December result announcements on expectation of record results for banks, fertilizer and oil/gas sectors. Stocks ended 121 points above at 9,923 points. Market turnover inched up to 204 million shares while PTCL was witnessed as the volume leader, up Rs0.71/share to close at Rs20.20.

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