| GEO Business|
| Bullish KSE100-index crosses 9700-point level|
| Updated at: 1553 PST, Saturday, January 09, 2010|
KARACHI: Karachi Stock Exchange (KSE) witnessed massive activity and the benchmark 100-index cross 9700-point level. Also, the trade volume touched the 11-week highs.
This business week opened in positive territory and the same trend continued the entire week. Various factors including oil price hike in the international market, reduction in political belligerency and the fresh buying by the foreign investors kept the index hinged on the positive zone.
The 100-index closed at 9776 up 389 points this week; while, the average trade volume remained 196 million shares, which was at the highest after 11 weeks.
The investors were seen busy in banking, energy and fertilizers stocks.
Also, the KSE30-index closed at 10,289 up 439 points this week.
The expert opined that correction is likely to be seen in the market at 9,800-point level.