KSE index trades over historic 23,000-point level on better economic prospects


KARACHI: The Karachi Stock Exchange on Wednesday achieved yet another milestone as its benchmark index crossed historic 23,000-point level.

The benchmark 100-share index was trading at 23,005.11 points at midday, up 1.25 percent or 283.89 points. Over 130.5 million shares changed hands.

Dealers said that investors’ sentiment is buoyant over positive outlook for the country’s economy especially after a $5.3 billion loan package agreement with the International Monetary Fund.

Pakistan managed to successfully negotiate the much-needed loan package with the IMF last week which will help improve precarious balance of payment position for the country.

Asad Haroon
A netpreneur, blogger and above all; A Human :) Asad tweets from @aghaasadharoon and can also be approached on Google+

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