Upward rally continues on second day

LAHORE - Upward rally after stepping down of Pervez Mushrraf continued on second day though it lacked force, as investors were worried about the delay in restoration of November second judiciary.

The KSE benchmark 100 index gained another 199.44 points to stay at 10,911.06 level after hitting 11,061.45 points during intra-day high.

Capital market experts were of the view that market future direction depended on the solution of judges’ issue. “Restoration of the deposed judges will trigger an upward rally of at least 1,000 points otherwise index may resume declining trend in next two to three days,” they added.