Karachi trade Index above 24,000 pts

Karachi: Karachi shares increased one percent on Monday which is a high time for investors. It is due to landmark nuclear deal between Iran and the world powers.

At 11.22am, the Karachi Stock Exchange’s benchmark 100-share index was trading at 24,080.17, up 232.60 points or 0.96 percent.

International oil prices also eased as Brent crude oil shed $2.47 to $108.58 a barrel, its biggest daily drop in a month.

Dealers said that the market outlook is positive in the near term, adding the index is likely to face resistance at 24,500 points.