KSE 100-index gains 300 points after political certainty

KARACHI: The Karachi Stock Exchange 100-index gained on Friday 300 points after a brief bearish trend due to political uncertainty, ARY News reported.

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The KSE 100-index added 300 points with buying of shares by financial institutions when it opened after a closure on Independence Day.

The latest bullish trend led 100-index crossed by 28,000 points. Analysts said stocks plummeted by 1300 points at the start of Friday session, which was a record fall.

Earlier on August 13, the rupee fell to hit the 100-to-a-dollar level in the currency markets due to ongoing political uncertainty.

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