Stocks Observer. com

The Karachi stock market crossed the psychological level of 12,000 points on Thursday on support from foreign interest in blue chips. Foreign interest was witnessed in oil and gas, bank and fertilizer scrips. The Karachi Stock Exchange (KSE) 100-share index gained 145.44 points or 1.22 percent to close at 12,031.46 points as compared to 11,886.02 points of the previous session. The KSE 30-share index also rose 141.70 points to close at 11,588.97 points as compared with 11,447.27 points. “Bullish activity was witnessed in scrips across-the-board on strong foreign interest in oil and gas, bank and fertilizer scrips,” said Arif Habib Investment Ltd Director Ahsan Mehanti. “Higher banking sector spreads, international oil prices over $91 and expectations of strong result announcements played a catalyst role in the positive activity at KSE despite concerns over rising political uncertainty.” The market turnover went up by 40.33 percent to 140.04 million shares after opening at 99.79 million

KARACHI: Members of Karachi Stock Exchange (KSE) on Wednesday elected five member-directors on board. Accordingly, Arif Habib, Muhammad Sohail, Zafar Moti, Ashraf Bawa, and Qasim Lakhani were the top five vote gainers and declared elected member-directors on board for the next one-year term.