Share market’s upward movement enters fourth day

KARACHI: The Stock Market has been consistently posting gains since the beginning of the current week. The benchmark KSE-100 index posted nearly 400 points gain on Monday, over a 100 points gain on Tuesday and then again a 400 points gain on Wednesday.

Thursday morning saw the share market continuing its trajectory. The index opened at 47,079.83 points on Thursday morning. It posted minor fluctuations early in the day but towards the midday, the index had gained 225 points to reach 47,305.03 points by the afternoon.

Rupee continues to strengthen against the dollar

Trading volume also remained encouraging with over 47 million shares trading until midday.

A range of companies from different sectors showed green trading, indicating that the market confidence was improving altogether and not dependent upon a specific sector or company.

This bullish trend in the stock market can be a result of improving political stability, increase in Pakistani Rupee’s international standing against the US Dollar as well as declining petroleum prices in the international as well as local market.