Market watch: Index breaks past 30,000-point barrier

[Da Bannu Mazdigar]

Karachi Stock Exchange’s (KSE) index broke past the coveted 30,000-point barrier for the first time on the back of heavy financial investment.
At close, the KSE benchmark 100-share index rose 1.35% or 400.94 points to end at a record 30,177.11.

Elixir Securities analyst Faisal Bilwani said Pakistan equities soared by 400 points and surpassed 30,000 to close at an all-time high. “This was a result of the index being pushed mainly by index heavy financials and energy stocks,” said Bilwani.

http://tribune.com.pk/story/737152/market-watch-index-breaks-past-30000-point-barrier/

[Da Bannu Mazdigar]

Market Cap is expected to surpass 85-90Billion dollars mark by June 2015.

Target is 200Billion dollars market cap by 2018 FY(June-july)

[Da Bannu Mazdigar]

71Billion dollars is the market cap up from 64Billion dollars on march 28th.This is a like a 10%+Increase only in 2 and Half Months,So expect a Increase of Atleast 40% In 2014.

With similar activity,The KSE Market Cap will reach 87Billion dollars mark in 2014,
2015:122Billion dollars
2016:172Billion dollars
2017:242Billion dollars
2018:339Billion dollars

The market capitalisation of the KSE stood at Rs7.08 trillion at the end of the week.

http://tribune.com.pk/story/738030/weekly-review-kse-100-crosses-30000-points-to-hit-all-time-high/

[Da Bannu Mazdigar]

I Still remember a indian guy making fun of KSE with only 34Billion dollars market cap in 2012.