KSE index at 17-month high level
Monday, 18 January 2010
KARACHI, Jan 17 (Business Recorder): Healthy buying both by local and foreign investors was witnessed at the Karachi share market Friday and the index surged by 120.69 points to close at 17-month high level of 9,923.14 points.
"Both local and foreign investors remained active mainly in banking, oil and fertiliser sector stocks", analysts said. The offshore investors remained net buyers of shares worth $3 million, they added.
The market opened on a positive note and the index hit 9,968.55 points intra-day high level, up 166.10 points. Trading also improved significantly and the volume at ready counter increased to 204.825 million shares as compared to 163.105 million shares traded Thursday.
Market capitalisation increased by Rs 33 billion to Rs 2.850 trillion. Of 386 active scrips, 240 closed in positive and 132 in negative, while the value of 14 scrips remained unchanged. PTCL was the volume leader with 31.792 million shares and gained Re. 0.70 to close at Rs 20.19. Fauji Fertiliser Bin Qasim increased by Rs 1.12 to close at Rs 30.07 with 14.402 million shares.
Nishat (Chunian) surged by Rs 1.12 to close at Rs 24.86 with 9.398 million shares. Nishat Mills increased by Rs 1.17 to close at Rs 67.64 with 7.973 million shares.
Arif Habib Sec inched up by Re. 0.20 to close at Rs 48.94 with 8.702 million shares. Jahangir Siddiqui Co gained Re. 0.54 to close at Rs 31.29 with 7.973 million shares.
NBP increased by Rs 1.06 to close at Rs 82.17 with 6.875 million shares. Telecard gained Re. 0.35 to close at Rs 3.08 with 6.818 million shares.
"Both local and foreign investors remained active mainly in banking, oil and fertiliser sector stocks", analysts said. The offshore investors remained net buyers of shares worth $3 million, they added.
The market opened on a positive note and the index hit 9,968.55 points intra-day high level, up 166.10 points. Trading also improved significantly and the volume at ready counter increased to 204.825 million shares as compared to 163.105 million shares traded Thursday.
Market capitalisation increased by Rs 33 billion to Rs 2.850 trillion. Of 386 active scrips, 240 closed in positive and 132 in negative, while the value of 14 scrips remained unchanged. PTCL was the volume leader with 31.792 million shares and gained Re. 0.70 to close at Rs 20.19. Fauji Fertiliser Bin Qasim increased by Rs 1.12 to close at Rs 30.07 with 14.402 million shares.
Nishat (Chunian) surged by Rs 1.12 to close at Rs 24.86 with 9.398 million shares. Nishat Mills increased by Rs 1.17 to close at Rs 67.64 with 7.973 million shares.
Arif Habib Sec inched up by Re. 0.20 to close at Rs 48.94 with 8.702 million shares. Jahangir Siddiqui Co gained Re. 0.54 to close at Rs 31.29 with 7.973 million shares.
NBP increased by Rs 1.06 to close at Rs 82.17 with 6.875 million shares. Telecard gained Re. 0.35 to close at Rs 3.08 with 6.818 million shares.