Karachi Stock Exchange gains a staggering 465 points

GNN Ads

KARACHI: Karachi Stock Exchange (KSE) closed the month on a positive note getting stronger with above 2 percent here on Thursday

The benchmark KSE-100 Index jumped by 2.09 percent or 465.26 points to 22,775.85.

According to analysts Thursday’s rally was mainly fueled by Oil and Gas Development Co Ltd (OGC) and MCB Bank Ltd (MCB).

Expectation that inflation and interest rates may not increase substantially forced investors to accumulate stocks, dealers said.

OGDC rose 3.51 percent to Rs269.25, while MCB gained 3.65 percent to close at Rs280.99.