Karachi Stock Market witnesses bullish trend this week

Bullish trend was witnessed at Karachi Stock Exchange (KSE) on during this week as buying pushed the KSE-100 up by 151 points to 7,872 points. On the first day of the week index went down by four points however second and third day index increased 118 points. On fourth day the market went down again however on last day an addition of 50 points was recorded in the index. The provision of load to Pakistan by IMF set the buying trend. Foreign investors bought the shares of US$25.2 million while sold the shares of worth US$6.6 million. Collectively the buying reached at US$18.6 million which is the highest in the last 15 months.