KSE back on rail runs ahead

Karachi Stock Exchange (KSE), carrying over its yesterday’s sudden U-turn to optimism and putting the market back on rail, today went on sustaining the bull run that the market pundits attributed to the high hopes of the investors from the Federal Finance Minister, Naveed Qamar’s scheduled visit to KSE today. Trading thus far saw the benchmark KSE-100 index swelled up by 400 points and ascending back to the psychological barrier of 10,700 marks. Analysts told that the State Bank of Pakistan (SBP) Governor, Dr Shamshad Akhtar’s yesterday visit to KSE also contributed significantly in restoring the confidence of the investors, which prompted brisk trading and investors taking new positions with a positive mindset. 

http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online//Regional/22-Jul-2008/KSE-back-on-rail-runs-ahead