Bullish trend dominates on KSE
Wednesday, 10 March 2010
KARACHI, Mar 9 (Business Recorder): Bullish trend continued at the Karachi share market Monday as the market ignored the Lahore bomb blast as well as security concerns. The KSE-100 index surged by 113.90 points to close at 9,740.19 points level.
The strong foreign interest mainly in oil & gas, banking and fertiliser sector stocks was witnessed at the local bourse on the first day of the week, despite tragic incident of bomb blast in Lahore. The local investors also joined the rally and took fresh positions.
The market opened on a positive note and remained in the green throughout the session. Fresh buying was witnessed in almost all sectors. Trading activities significantly improved as the volumes at ready counter increased to 174.310 million shares as compared to 157.226 million shares traded on the last trading session.
The overall market capitalisation increased by Rs 31 billion to Rs 2.784 trillion. Out of the total 404 active scrips, 223 closed in positive, 170 in negative while the value of 11 scrips remained unchanged. Lotte Pakistan was the volume leader with 27.211 million shares gaining Re 1.00 to close at Rs 11.11.
In the fertiliser sector, Fatima Fertiliser remained very active on the first day of its formal trading and increased by Re 0.38 to close at Rs 13.34 with 20.170 million shares. WorldCall Telecom inched up by Re 0.29 to close at Rs 4.86 with 10.783 million shares. Jahangir Siddiqui Co surged by Re 0.57 to close at Rs 23.77 with 8.067 million shares. Lafarge Pakistan gained Re 0.49 to close at Rs 4.00 with 6.810 million shares.
The strong foreign interest mainly in oil & gas, banking and fertiliser sector stocks was witnessed at the local bourse on the first day of the week, despite tragic incident of bomb blast in Lahore. The local investors also joined the rally and took fresh positions.
The market opened on a positive note and remained in the green throughout the session. Fresh buying was witnessed in almost all sectors. Trading activities significantly improved as the volumes at ready counter increased to 174.310 million shares as compared to 157.226 million shares traded on the last trading session.
The overall market capitalisation increased by Rs 31 billion to Rs 2.784 trillion. Out of the total 404 active scrips, 223 closed in positive, 170 in negative while the value of 11 scrips remained unchanged. Lotte Pakistan was the volume leader with 27.211 million shares gaining Re 1.00 to close at Rs 11.11.
In the fertiliser sector, Fatima Fertiliser remained very active on the first day of its formal trading and increased by Re 0.38 to close at Rs 13.34 with 20.170 million shares. WorldCall Telecom inched up by Re 0.29 to close at Rs 4.86 with 10.783 million shares. Jahangir Siddiqui Co surged by Re 0.57 to close at Rs 23.77 with 8.067 million shares. Lafarge Pakistan gained Re 0.49 to close at Rs 4.00 with 6.810 million shares.