KSE index crosses record 21,000-point level


The Karachi stock market’s benchmark index on Tuesday crossed the historic 21,000-point level as post-election rally continues to push share prices higher. In early trade, the Karachi Stock Exchange’s 100-share index was trading at 21,025 points, up 210.99 points, or 1.01 percent. By 09:43 am, 20.1 million shares changed hands. Dealers said that investors’ sentiment is buoyant on hopes that the prime minister-elect Nawaz Sharif’s government would focus its efforts towards reviving the economy. Since May 11 general elections in which PML (N) emerged as single-largest party, the market has seen bullish trend.