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Stocks post minor gains in volatile trading
KARACHI: The market turned volatile on Thursday as market participants tracked the news on the National Investment Trust-led, government guaranteed Stock Market Support Fund. The KSE-100 index closed with a minor gain of 15.36 points (0.04 per cent) at 35,974.79.
Buoyed by the reported higher than expected allocation to the two support funds — the State Enterprise Fund and the Equity Market Opportunity Fund, the bulls kept up the gaining momentum in early trade. The market opened in the positive and climbed to intraday high by 578 points within the first 15 minutes of trading.