KSE increases 92 pts on political development

The Karachi stock market observed a bullish trading session on the first trading day of the week Monday on renewed foreign interest in fertilizer and bank scrips.

Analysts said political stability after expected government alliance with key coalition partner was the major reason for the positive trend.

“Stocks closed higher at KSE on renewed institutional and foreign interest in an oversold market led by blue chips – fertilizer and bank scrips,” said Arif Habib Investments Ltd Director Ahsan Mehanti. “Sentiment remained positive on political stability after expected government alliance with key coalition partner.”

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