Staff Reporter
Karachi
Bulls held control of the stock market on Thursday as the KSE-100 index climbed 102 points.
In the morning, trading began on a positive note and the KSE-100 index stayed in the green zone for most part of the session. Activity remained lackustre due to no encouraging news to give direction to the market. Still, the index managed to cross the 42,300-point mark.
At close, the benchmark KSE-100 index recorded an increase of 101.81 points, or 0.24%, to settle at 42,305.84 points.
Investors focused their attention on fundamentally sound stocks, particularly the main board companies, such as HBL and NBP, which not only had dividend prospects but had also shown healthy profits.
The cement sector remained range bound as did oil and gas marketing companies and fertiliser firms.
“Investors, in general, have been waiting for a clear positive trigger and have weathered the threat from political as well as law and order situation,” the report said.
