New Year's SE 100 Index Starts Positive with 900 Points.

 The stock market has started in full swing on the first day of the new year and the KSE-100 index has gained more than 900 points during the morning session.

The index, which closed at 43,755 on December 31, had risen by 918 points to 44,673 at around 11:30 am, closing at a 30-month high at the end of 2020.

Read more: Complete Lockdown Concerns: Stock Market Decreases 555 Points Ali Asghar Pawanwala, Deputy Head Research, AKD Securities, told Dawn.com that the increase in the new year could be due to the expectation that liquidity in power supply will improve. He said that this was largely due to the ongoing market discussions which were indicating better liquidity in the energy sector where the approvals in November and December were much higher than usual. He said that it had fueled the sentiments of the Independent Power Generating Ideologists (IPPs) and the state oil marketing company PSO (Pakistan State Oil) where the two loans were related. Affected by obligations. Read also: Karachi: Attack on Pakistan Stock Exchange building, all 4 terrorists killed He added that a possible increase in basic rates for consumers by the government under the terms of the International Monetary Fund would further improve liquidity. On Thursday, the benchmark KSE-100 index closed at 43,755 at the end of 2020, up 60.62 points, close to the 43,767 points seen on December 17 and the 30-month high. On an annual basis, the index returned 7%.