Investor sentiment was sky high today as the week commenced with a spate of positive news. The recent WTO waiver for Pakistani textiles, among other goods, in European markets was lauded as it brightened the outlook for foreign exchange inflows as well as a boost to the subdued textile sector. Rumours of the imminent arrival of the SRO finalising the CGT amendments verbally agreed upon between GoP and investor community became the key trigger for the strong bull run witnessed today. The KSE-100 index spiraled 154 points to breach the 12k point barrier to finish the day at 12,136 points with a stellar share volume of 196mn shares.
Volume leader JSCL continued on its hot streak while NBP established an upper circuit as its results announcement nears. Market appears to be rejuvenated from over the weekend and we expect the trend to prevail as results continue to pour in, said Ali Hussain, Senior Investment Analyst at HMFS. KSE 30 index closed at 11381.33 levels with the gain of 123.25 points, while All Share index closed at 8,426.35 levels after gaining 11.57 points. Total 195 scrips advanced 79 declined and 79 remain unchanged out of total 353 scrips traded.
