KARACHI: The bench-mark 100 index of Karachi Stock Exchange hit historic high of 33,765 points amid widespread expectations of cut in key policy rate by the central bank in its Monetary Policy due in this month.
The bullish trend prevailing at the main bourse is an evidence of the confidence of the investors in some improvement in country’s economic indicators.
Reacting to the historic performance of the KSE, various business leaders said that the investor enthusiasm has been fuelled by many factors and recent developments including exhibition of unity by All Parties Conference, comprehensive mechanism to curb terrorism, investment-friendly policies of the government and high level engagements with other countries to promote trade and investment.
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