Karachi stock seen upbeat, surges 300 points

KARACHI: Karachi Stock Exchange (KSE) with the very ‘go’ of trading was seen buoyant Wednesday morning.

The investors preferred to go for buying the shares of cement and energy sectors besides the hot in demand banking shares, which saw the benchmark KSE-100 index surging over 300 points to peg at 29, 412 till the filing of this report.

Brokers attributed the buoyancy in the market to improvement in economic indicators including the rising value of rupee against dollar and the news relating government poised to selling the OGDCL shares.