Karachi Stock Index Breaks Through 7,000 Points

The KSE 100-share index on Thursday broke through the psychological barrier of 7,000 points boosted by massive buying in OGDC and some other leading base shares and analysts predict it could well prove a take-off point for its forward thrust to the next target. The total market capital also soared to a new record level of Rs1,937 billion or well over $25bn mark, meeting one of the major demands of foreign funds to enter the Pakistani bourse as active participants.