KARACHI: The Karachi stock market’s benchmark index on Monday crossed the historic 22,000-point level as investors’ euphoria over hopes that Pakistan Muslim League Nawaz (PML-N)led government would revive the economy continues.
At 14.02 pm, the Karachi Stock Exchange’s 100-share index was trading at 22,002.58 points, up 179.53 points, or 0.82 percent. Turnover remained impressive at 191.05 million shares.
Dealers said that investors’ sentiment is buoyant on hopes that the Prime Minister-elect Nawaz Sharif’s government would focus its efforts towards reviving the economy.
Since May 11 general elections in which PML (N) emerged as single-largest party, the market has seen bullish trend.
The KSE index has gained a whopping 15 percent in May 2013.