Thursday 25 August 2011

Int`l oil prices likely to lift KMI up

KARACHI: The news regarding Brent crude oil prices steadying above $109 on Wednesday would bring positive momentum in the local market especially in oil and gas sector.


In international market, Brent crude prices steadied as investors pinned their hopes on the U.S. Federal Reserve to inject fresh stimulus measures to boost the world's largest economy. Activity in dividend yielding stocks would be in spotlight.


The Halal stocks index KMI 30 gained 236.64 points to close at 19,813.17 points as against 19,576.53 points, the closing figure of the previous session.




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