Pakistan stocks close on four-year high

[Windjammer]

ISLAMABAD: Pakistan’s main stock market ended on a four-year high on Wednesday with investor confidence boosted by below-expectation inflation data for July, dealers said.

The Karachi Stock Exchange benchmark 100-share index gained 139.86 points, or 0.96 per cent, to close at 14,716.86 on volume of 62.9 million shares, its highest close since May 2008.

“Lower-than-expected inflation numbers for July pushed (up) the KSE-100 index,” said Samar Iqbal, a dealer at Topline Securities.

Pakistan’s Consumer Price Index (CPI) rose 9.60 per cent in July from a year earlier, the Pakistan Bureau of Statistics said on Wednesday. The year-on-year rate was 11.26 per cent in June.

In the currency market, the rupee closed almost flat at 94.61/67 to the dollar, compared with 94.62/68 on Tuesday.

Overnight rates in the money market closed lower at 11 per cent, compared with 11.90 per cent on Tuesday, because of increased liquidity.

 

[Vicar]

What is the market capitalization of KSE and how many companies are listed

 

[Peaceful Civilian]

Good news. This will also improve in next year.

 

[farhan_9909]

If the WOT wasnt started
and that 2004-05 above 7-8% growth remained till now

We will be having a atleast 300billions GDP by now and the KSE would have crossed 20k points for sure

 

[Baby Leone]

What is the market capitalization of KSE and how many companies are listed

more than 600 companies are listed with avg daily turovers of arround 150 million shares comes down from avg 600 million shares in previous govt & the current Market Capitalization is arround 40 billion $ comes down from more than 75 Billion $ in 2007.

The total listed capital of campanies are arround 15 billion $