Upbeat KSE further gains 188 points

KARACHI: Stock prices recorded further gains on Monday, as continuing bullish activity at Karachi Stock Exchange (KSE) pushed the benchmark KSE 100-share Index by 188 points to close at 30,413.

Investors actively participated in today trading, as the Index immediately after opening bell surged to 209 points.

According to stock market analysts, the State Bank of Pakistan’s decision to keep the policy rate unchanged appeared to have met the investors’ expectations. This provided oxygen to the positive trend, as traders continued to take fresh positions at various counters.