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A brief respite in political tensions along with a flurry of strong corporate announcements resulted in the benchmark KSE-100 index crossing the 17,000-point barrier for the first time in history during the shortened week, which ended on January 24.
The KSE-100 index managed to climb 455 points (2.7%) to close at 17,056 points by the end of the week. The market managed to sustain the momentum gathered in the latter half of the previous week and never looked back as four sessions in the black saw it close above the 17,000-point barrier.
Investors welcomed the respite in political tensions, as hearings regarding the Rental Power Projects (RPP) scandal and the dual-offices cases were postponed till next week. With the corporate earnings season in full flow, investors shifted their attention towards the upcoming results.
Weekly review: KSE-100 crosses 17,000 points for the first time in history! – The Express Tribune
The KSE-100 index managed to climb 455 points (2.7%) to close at 17,056 points by the end of the week. The market managed to sustain the momentum gathered in the latter half of the previous week and never looked back as four sessions in the black saw it close above the 17,000-point barrier.
Investors welcomed the respite in political tensions, as hearings regarding the Rental Power Projects (RPP) scandal and the dual-offices cases were postponed till next week. With the corporate earnings season in full flow, investors shifted their attention towards the upcoming results.
Weekly review: KSE-100 crosses 17,000 points for the first time in history! – The Express Tribune
