Monday, August 4, 2008

KSE-index scores over 400, closes at 10853

Following the State Bank’s upped discount rate remaining within expectations, KSE-100 index
today witnessed buoyancy scoring over four centuries. The market opened with a positive
mindset for business, as the State Bank’s enhancement of discount rate came out nearing the
expectations of the investors, which energizing trading gave a shot in the market. Energy,
banking and cement sectors remained at the focus of the investors, while the overall
optimism continued until the close of business today. KSE-100 index closed at 10853 points
after recording a brilliant score of over four centuries. Turnover today aggregated 117
million shares about 7 million shares higher as compared yesterday.

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