Karachi share market opens on positive note
Wednesday, 14 July 2010
KARACHI, July 13 (Business Recorder): The Karachi share market Monday opened on a positive note and the KSE-100 index crossed 10,000 psychological level after two months to hit 10,053.56 points intra-day high level.
However, after mid session the index could not sustain that level mainly due to profit taking by local investors.
The KSE-100 index, after briefly visiting negative zone, finally closed at the level of 9,979.07 points with a meager gain of 4.67 points. Trading activities also remained low as the volumes at ready counter declined to 64.704 million shares as compared to 102.747 million shares traded Friday.
The overall market capitalisation increased by Rs two billion to stand at Rs 2.806 trillion. Out of the total 382 active scrips, 204 closed in negative and 163 in positive while the value of 15 scrips remained unchanged. Byco Petroleum was the volume leader with 7.572 million shares as gained Re 0.47 to close at Rs 12.54. DG Khan Cement increased by Re 0.27 to close at Rs 27.09 with 5.618 million shares. Jahangir Siddiqui Co lost Re 0.17 to close at Rs 12.85 with 3.620 million shares.
Fauji Fertiliser Bin Qasim gained Re 0.69 to close at Rs 28.41 with 3.491 million shares. Nishat Mills lost Re 0.04 to close at Rs 46.56 with 3.340 million shares. Lotte Pakistan PTA declined by Re 0.14 to close at Rs 8.42 with 3.276 million shares.
Arif Habib Sec decreased by Re 0.48 to close at Rs 33.79 with 2.922 million shares. Lucky Cement declined by Rs 1.24 to close at Rs 65.95 with 2.276 million shares.
Amtex Limited lost Re 0.09 to close at Rs 15.32 with 1.727 million shares. MCB Bank increased by Rs 1.73 to close at Rs 200.16 with 1.650 million shares.
However, after mid session the index could not sustain that level mainly due to profit taking by local investors.
The KSE-100 index, after briefly visiting negative zone, finally closed at the level of 9,979.07 points with a meager gain of 4.67 points. Trading activities also remained low as the volumes at ready counter declined to 64.704 million shares as compared to 102.747 million shares traded Friday.
The overall market capitalisation increased by Rs two billion to stand at Rs 2.806 trillion. Out of the total 382 active scrips, 204 closed in negative and 163 in positive while the value of 15 scrips remained unchanged. Byco Petroleum was the volume leader with 7.572 million shares as gained Re 0.47 to close at Rs 12.54. DG Khan Cement increased by Re 0.27 to close at Rs 27.09 with 5.618 million shares. Jahangir Siddiqui Co lost Re 0.17 to close at Rs 12.85 with 3.620 million shares.
Fauji Fertiliser Bin Qasim gained Re 0.69 to close at Rs 28.41 with 3.491 million shares. Nishat Mills lost Re 0.04 to close at Rs 46.56 with 3.340 million shares. Lotte Pakistan PTA declined by Re 0.14 to close at Rs 8.42 with 3.276 million shares.
Arif Habib Sec decreased by Re 0.48 to close at Rs 33.79 with 2.922 million shares. Lucky Cement declined by Rs 1.24 to close at Rs 65.95 with 2.276 million shares.
Amtex Limited lost Re 0.09 to close at Rs 15.32 with 1.727 million shares. MCB Bank increased by Rs 1.73 to close at Rs 200.16 with 1.650 million shares.