Big gains in 2013 contributed 8500 points to KSE

KARACHI: The outgoing year of 2013 proved to be a period of big gains for the Karachi Stock Exchange (KSE) whose benchmark 100-share Index registered a whopping rise of 8,500 points over the past 12 months.

The main Index had started from 16,800 points at the beginning of 2013 and as of today (December 31, 2013) it stands at an impressive level of over 25,200 points, showing a massive gain of about 8,500. This put the KSE in the list of the world’s best performing stock markets.

The smooth transition of government following the general elections of May 2013 and the positive expectations of investors with the present set up kept the sentiments upbeat at the local bourse.

The positive activity at the capital market is expected to carry forward in the next year, as the investors have been keeping a healthy outlook of 2014. However, they linked it to further improvement in the law and order and energy situation across the country.