KARACHI: Pakistan’s stock market opened plus 600 points in the morning as KSE-100 index touched 45,074.37. The market is now traded at 44,729.00 at 10:24am.
According to Mohammad Sohail, CEO of Topline, KSE-100 index opened plus 600 points in the morning.
The analysts said that there are upper circuit locks in oil and gas companies and several other stocks as sentiments of previous session are still supporting the market.
After a reported meeting between the IPPs and the government, last Thursday provided some clarity on the settlement of the circular debt. Market sources said the second round of meeting is scheduled today which has spurred buying in IPPs and oil and gas sector.
Share prices of KAPCO, NCPL, LPL, PSO and HUBCO hit the upper circuit breakers in the morning.
