Index KSE-100 rally 900 points on New Year's First Day

Index KSE-100 rose 900 points with a bang in the morning session of the first day of the new year.

KSE-100 index closed 2020 after gaining 60.62 points to close at 43,755. Based upon annual reports the index provided a 7% return. Well on the fist day of the new year 2021 - KSE-100 rose 900 points in the morning session starting the new year with a bang.

The shares ended at a 30-month high on 43,755 and rose to 44,673 - 918 points till 11:30am today. The rally of the index was due to the expectation that liquidity of the power supply chain will improve. The AKD securities deputy head of research, explained, "It's mostly from the market grapevine indicating improved liquidity in the power chain, with clearances made in November and December resting higher than usual.