KSE hits record high, crosses 31,000

KARACHI: The Karachi Stock Exchange (KSE) 100-index increased by 404 points to reach a record high of 31,334 points.
According to market experts, the signing of agreements during Prime Minister Nawaz Sharif’s visit to China along with the IMF expressing satisfaction in Pakistan’s economic performance, increased the confidence of investors.
Investors’ interest in purchasing shares has also increased in expectation of the interest rate being lowered in the next monetary police.