Nadeem
03-27-2008, 10:48 AM
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KARACHI: Continuing with its record-making spree the benchmark KSE-100 Index rose to new highs on Wednesday to 15199 level, registering an increase of 77 points.
Investors sidelined S&P’s recent comments, and chose to stay upbeat on the latest margin facility.
Dealers said the biggest driving factor of today’s rally was the resolution of CFS-issue under which, the CFS MK-2 would run parallel to the existing margin system.
Analysts said S&P’s decision to maintain its negative outlook was already discounted for, so it failed to trigger a selling pressure.
They said the agency's view of easing political risk boosted investors’ confidence.
On the big board, total volume stood at 219 million shares, where gainers beat losers 169 to 138.
KARACHI: Continuing with its record-making spree the benchmark KSE-100 Index rose to new highs on Wednesday to 15199 level, registering an increase of 77 points.
Investors sidelined S&P’s recent comments, and chose to stay upbeat on the latest margin facility.
Dealers said the biggest driving factor of today’s rally was the resolution of CFS-issue under which, the CFS MK-2 would run parallel to the existing margin system.
Analysts said S&P’s decision to maintain its negative outlook was already discounted for, so it failed to trigger a selling pressure.
They said the agency's view of easing political risk boosted investors’ confidence.
On the big board, total volume stood at 219 million shares, where gainers beat losers 169 to 138.