Acute bull run at KSE this week

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Acute bull run at KSE this week

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19 September,2009 01:47 pm

An acute bull run was witnessed at the Karachi Stock Exchange (KSE) this week and the 100-Index closed at 9,437 points with a collective addition of 376 points. The market remained unstable on Monday and Tuesday however the last three days took the market on highest stage of last 13months with index closing at the level of 9,437 points. The news of issuance of term finance certificates for circular debts put good impact on the market. Energy sector and current account also brought good news putting market into the positive zone. Local and foreign investors actively participated in buying. During current week, foreigners invested $50.54 million into Pakistan while pulled out $300.92 million.