10 April 2009 - KSE 100 closed on Friday at 7,618 gaining 322 points over the previous day's close. The investors whilst rejecting SECP's decision to stop Badla have not allowed this decision to significantly impact the market levels. The market which had plunged by 325 points in the first 2 days following the decision climbed 322 points on the last trading day to negate the loss and bringing back the Index to par. What a way to end the week. Once again, all investors are happily enjoying their weekend!
It is apparent that investors are extremely serious to ensure a solid bounce back of the Stock Market which had deeply plunged in late 2008. Political instability, terrorist attacks and Badla stoppage have all failed to deter the investor sentiments.
Whilst the earning season is now over for a month, the foreign inflow of funds and the local investor drive appears enough for the Index to continue to rise.
Hopefully next week will bring in more good news for investors !
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