KSE buoyant, 100-Index surges by 227 points

KARACHI: Aggressive buying at Karachi Stock Exchange pushed the benchmark KSE-100 Index by 227 points to finish the last trading of the week at 5,625.Market analysts attributes today’s bounce back of share prices to SECP’s decision of waiving specific accounting requirements on investment portfolio losses.The Securities and Exchange Commission of Pakistan on Friday said it "has granted relaxation in the accounting treatment for equity securities held by companies."This relaxation is valid till Dec. 21, 2009, the regulator added.The share market on Friday opened buoyant and investors’ interest in various sectors kept it upbeat throughout the two sessions.The trade volume was recorded at 160 million shares.Bank Alfalah was the volume leader which gained Rs1 to close at Rs13.21.