KSE-100 Index cross 8,900 level

Wednesday, September 02, 2009

KARACHI: The Karachi Stock Exchange Index (KSE) has crossed the level of 8,900 after more then eight months whereas yesterday, foreign investors made buying of $24, million, the highest during last 17 months.

The trading started with increment of 76 points, however, KSE-100 Index soon cross the level of 8,900 with the increment of 200 points. Last time, such activity was witnessed in December 15, 2008 when KSE-100 Index reached at 8817 points level. Most of the buying of shares occurred in the sectors of oil and gas, banking, telecom, cement and transport.

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