KSE index gains 137 points
Tuesday, 30 March 2010
KARACHI, Mar 29 (Business Recorder): The KSE-100 index rose by 137.00 points to 10,137.93 points level mainly due to foreign investors' interest at equity market during the week ended on March 27, 2010.
A net inflow of $9.5 million of foreign portfolio investment was witnessed while the figure surged to $92.171 million during the current month.
Trading shrank mainly due to less participation of local investors and the average daily volume at ready counter declined to 150.474 million shares as compared to previous week's 162.610 million shares.
Market capitalisation increased by Rs 32 billion to Rs 2.879 trillion.
It was a four-day week, as the market remained closed Tuesday, March 23, on account of holiday on Pakistan Day. On Monday, the market opened on a negative note and the index declined by 37.58 points to close at 9,963.35 points with a low volumes of 73.563 million shares.
On Wednesday, the market took a rebound and the index surged by 182.92 points to close at 10,146.27 points level with 160.302 million shares.
On Thursday, the market remained under pressure as the investors opted for profit taking and the index lost 19.24 points to close at 10,127.03 points level with 156.699 million shares.
On Friday, the index gained 10.90 points and closed at 10,137.93 points level with a healthy volume of 211.332 million shares. Sana Hanif, analyst at JS Global Capital, said that the market was surrounded with positive news flow during the week.
A net inflow of $9.5 million of foreign portfolio investment was witnessed while the figure surged to $92.171 million during the current month.
Trading shrank mainly due to less participation of local investors and the average daily volume at ready counter declined to 150.474 million shares as compared to previous week's 162.610 million shares.
Market capitalisation increased by Rs 32 billion to Rs 2.879 trillion.
It was a four-day week, as the market remained closed Tuesday, March 23, on account of holiday on Pakistan Day. On Monday, the market opened on a negative note and the index declined by 37.58 points to close at 9,963.35 points with a low volumes of 73.563 million shares.
On Wednesday, the market took a rebound and the index surged by 182.92 points to close at 10,146.27 points level with 160.302 million shares.
On Thursday, the market remained under pressure as the investors opted for profit taking and the index lost 19.24 points to close at 10,127.03 points level with 156.699 million shares.
On Friday, the index gained 10.90 points and closed at 10,137.93 points level with a healthy volume of 211.332 million shares. Sana Hanif, analyst at JS Global Capital, said that the market was surrounded with positive news flow during the week.