Local bourse surges to new record at 20,244 points

KARACHI: The successful holding general elections in the country and PML-N Chief Nawaz Sharif’s appearing ready to form the government gave benchmark KSE 100-Share Index at Karachi Stock Exchange (KSE) a massive push to close at a record level of 20,244.82 points, up by 328.55 points on Monday.

Share prices witnessed increase on almost all the counters right from the beginning of today’s trade and remained in the positive zone till market close.

The traders and investors are positive that the new government would take steps towards revival of the economy in the country.

MCB and Nishat Mills registered impressive gains and closed at Rs261.90 and Rs89.99 respectively.