KSE in­dex hits all-time high, crosses 34,000pts

The Pak Banker - - NATIONAL -

KARACHI: The Karachi Stock Ex­change (KSE) rose 286 points or 0.85 per cent on Mon­day with the bench­mark 100-in­dex reach­ing an all-time high of 34,072 points.

Bullish ac­tiv­ity in the KSE was fu­elled by re­cov­ery in global oil prices and an an­tic­i­pa­tion of a 50 to 100 ba­sis points (bps) cut in the in­ter­est rate by the State Bank of Pak­istan, which is ex­pected to an­nounce the up­com­ing mon­e­tary pol­icy on Jan­uary 24.

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