| GEO Business|
| KSE-100 Index surges beyond 7,000 level|
| Updated at: 1710 PST, Monday, March 30, 2009|
KARACHI: Stocks prices at Karachi Stock Exchange (KSE) witnessed a significant gain on Monday with the benchmark KSE-100 Index advancing by 212 points to finish the day at 7,015.
The Index was seen at over 7,000 level for the first time since December 22, 2008.
The Presidentís announcement regarding lifting of the Governor Rule in his address to the joint session of Parliament further restored the confidence of the investors who looked particularly interested in taking positions in energy and banking stocks.
Market turnover surged to 330 million shares.
Pak PTA recorded maximum activity which gained paisas 26 to Rs3.6.
Market experts say the major Index could cross the psychological barrier of 7,500 level in the coming sessions.