KSE index adds 17.31 points
Thursday, 1 April 2010
KARACHI, Mar 31 (Business Recorder): After witnessing mixed trend, the KSE-100 index finally closed at 10.073.77 points level with a net gain of 17.31 points. The Karachi share market opened on a positive note and the index hit 10,131.08 points intra-day high level. However, this momentum could not continue due to profit taking and the index dropped into negative zone to 10,017.28 points intra-day low level.
Trading volume at the ready counter slightly declined to 147.092 million shares as compared to 148.585 million shares traded Monday. The overall market capitalisation increased by Rs 3 billion to stand at Rs 2.861 trillion. Out of total 412 active scrips, 235 closed in negative and 154 in positive while the value of 23 scrips remained unchanged.
Maple Leaf Cement was the volume leader with 13.705 million shares gaining Re 0.28 to close at Rs 5.02. Al Abbas Cement increased by Re 0.14 to close at Rs 9.77 with 6.899 million shares.
Lotte Pakistan lost Re 0.20 to close at Rs 10.90 with 12.257 million shares. Azgard Nine declined by Re 1.00 to close at Rs 13.72 with 9.822 million shares. Bank Al Falah closed at the same level of Rs 12.27 without any change with 7.313 million shares.
Fresh buying was seen in the E&P sector, as OGDC surged by Rs 2.67 to close at Rs 127.35 with 6.851 million shares. Lafarge Pakistan lost Re 0.15 to close at Rs 4.65 with 5.737 million shares. PTCL closed at Rs 20.72 down Re 0.04 with 4.646 million shares.
He said that calculated and selective accumulation on dips was quite prominent, thus disallowing unprecedented decline, supported by the news that the government plans to issue Sukuk bonds to address various liquidity issues those have played havoc in the economic circuit, did to some extend succeeded in inviting support on dips.
Trading volume at the ready counter slightly declined to 147.092 million shares as compared to 148.585 million shares traded Monday. The overall market capitalisation increased by Rs 3 billion to stand at Rs 2.861 trillion. Out of total 412 active scrips, 235 closed in negative and 154 in positive while the value of 23 scrips remained unchanged.
Maple Leaf Cement was the volume leader with 13.705 million shares gaining Re 0.28 to close at Rs 5.02. Al Abbas Cement increased by Re 0.14 to close at Rs 9.77 with 6.899 million shares.
Lotte Pakistan lost Re 0.20 to close at Rs 10.90 with 12.257 million shares. Azgard Nine declined by Re 1.00 to close at Rs 13.72 with 9.822 million shares. Bank Al Falah closed at the same level of Rs 12.27 without any change with 7.313 million shares.
Fresh buying was seen in the E&P sector, as OGDC surged by Rs 2.67 to close at Rs 127.35 with 6.851 million shares. Lafarge Pakistan lost Re 0.15 to close at Rs 4.65 with 5.737 million shares. PTCL closed at Rs 20.72 down Re 0.04 with 4.646 million shares.
He said that calculated and selective accumulation on dips was quite prominent, thus disallowing unprecedented decline, supported by the news that the government plans to issue Sukuk bonds to address various liquidity issues those have played havoc in the economic circuit, did to some extend succeeded in inviting support on dips.