Business

KSE-100 index gains 1,000 points amid political crisis

KARACHI: The Karachi Stock Exchange (KSE)-100 index on Friday recorded bullish trend at the outset with increase in 1000 points, ARY News reported.

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The surge in points in KSE-100 index was recorded following the army entered to resolve political crisis on request of Prime Minister Nawaz Sharif. The KSE-100 index reached at 28,964 points.

The de-escalation, for the time being, of political tension revived confidence of the traders in the stock market. During the trading today, an increase of Rs 220 billion in KSE shares was witnessed.

The total outlay of shares also increased after the bullish trend.  Analysts say that the investors were desperately waiting for political crisis to end.

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