KSE-100 hits new record
KARACHI: In an unprecedented upward trend, the Karachi Stock Exchange (KSE) gained 194 points on 100-index, ARY News reported Friday.
The benchmark 100 index of the Karachi Stock Exchange closed at a record 29,738 points.
Foreign investors remain engaged at the KSE owing to record-high upward trend. Buying of shares worth Rs 18.33 billion was recorded in the Oil and Gas sector.
Earlier on Thursday, the KSE had said in a statement that the order of the Securities and Exchange Commission of Pakistan (SECP) penalising the exchange along with its managing director and deputy managing director was not tenable under the law and liable to be set aside.
According to media reports, the SECP had slapped penalties on the KSE and its senior management for alleged deviation from the requirements of the System Audit Regulations of Exchange and alleged negligence in the discharge of duties and obligations.