Foreign investment, oil prices push KSE index

KARACHI: Foreign portfolio investment and local buying helped the Karachi Stock Exchange continue its bullish rally.

The KSE-100 index breached the level of 10,500 points on Tuesday.

Buying activity could be seen across the board at the local equity market as foreign participation continued in the banking, energy and power, and fertilizer sectors.

Rising international oil prices have also been instrumental in pushing the benchmark index forward.

However, analysts expect increased profit-making in the next few sessions.

Source Dawn News