KSE-100 index breach 10,000 marks

Karachi Stock Exchange (KSE) today witnessing a tumultuous trading session managed to dash pass 10,000 marks and the KSE-100 index closed at 10042 points, up by 189. Following persistent fearsome bearish spell, trading in the market today commenced late by over one hour and initially the index was seen surged by over 100 points, which the brokers claimed that the lackadaisical purchases by the Market Support Fund soon sent the market in negative zone and it so happened that at one time the index shedding 296 points plummeted to two-year lowest. However, SECP announcement of pumping Rs 400 million by the Support Fund trigged the index back tracking and ended well in positive zone.